This contribution by the President of France is what Europe needs. Finally a leader who does not say that Europe is responsible for what goes wrong and that national politics can take credit for every success. On this basis we should now start a debate on the detailed proposals. The main danger will be to avoid the slippery slope from a 'Europe that protects' to a European protectionism. The European economy will be stronger if its subject to vigorous global competition, even if that competition might at times appear unfair to some.
Daniel Gros is Director of the Institute for European Policy-Making at Bocconi University.
- The Real Problem with China’s Economy
- The Real Inflation Culprits
- A Trade Policy for the Middle Class Will Not Save US Manufacturing
- The Transatlantic Carbon-Pricing Clash
- Turning the Corner on Inequality?