Issue 85 - 2012
Europe needs a Rooseveltian break with fear
27 July 2012
The EU has four freedoms – for the movement of goods, services, capital and people. Today, it needs a fifth: the freedom from fear. The euro has become a political doomsday machine, a time-bomb that threatens to destroy the great achievements of European integration: peace, political stability and the creation...
A banking union – it is necessary, but is it likely?
27 July 2012
Could the EU's summit of June 29 come to be regarded as a watershed? Following umpteen crisis summits that have failed to tackle the root causes of the eurozone crisis, EU leaders finally got to the heart of the matter: the need to break the vicious interaction between weak banks...
Is the Franco-British defence treaty in trouble?
27 July 2012
In 2010, France and Britain agreed to strengthen defence collaboration, mainly to save money through common research and acquisition of military equipment. The economic crisis forced their hand: they needed greater economies of scale to preserve certain capabilities in the face of smaller defence budgets (which Britain cut two years...