European Economic Government Wanted

G. Klossa & J-F. Jamet | March 11, 2010

What used to be inconceivable, is today desirable and even essential. ++ As mentioned by the President of the EU, a European economic government should be the centre of all the EU efforts and attention for three reasons. ++ First, the crisis revealed the lack of coordination among national member states' economies; second, the failed Lisbon strategy proved the EU needs to boost its growth rate and competitiveness and third, the EU needs a coherent voice in a world economy led increasingly by developing countries.