Europe needs to strengthen the robustness of its model - and that means to actually reinforce integration. To build more muscle and minimise internal assimetries (that will always exist), but also to build a more solid growth strategy and enhance each country's sustainable advantages. So, I think a step towards deeper sovereign budget integration is a good one, but I don't think that is enough - Europe's problem is also growth, and we need to address it urgently.
Sunday, 3 June 2012
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