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Don't let the Stability Pact die in vain Europe's economy
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Holger Schmieding
International Herald Tribune
03-22-2005
The European Union is heading for two fateful decisions. At their summit meeting on Tuesday and Wednesday, EU leaders are likely to acknowledge officially that they have neither the will to live under the self-imposed strictures of the Stability Pact nor the guts to finally do what it takes to turn a semistagnant Europe into a genuinely dynamic economy, as they had envisaged in their so-called Lisbon Agenda five years ago. In both cases, the EU's sclerotic big bullies look set to prevail over the more prudent and reformist ...
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