From the Financial Times: When our great-grandchildren look back at the past 100 years of European history they are likely to remember Jean Monnet and Robert Schuman, fathers of the European Union, or Lech Walesa and Mikhail Gorbachev, destroyers of communism. However, when they turn to the first decade of the 21st century there will […]
There has been a lot articles in recent days suggesting the possible collapse of Central and Eastern European (CEE) countries and a possible domino effect taking down the entire European Union. We think that these calls are not justified, especially if regional governments, the European Commission and the European Central Bank take appropriate measures to fight the crisis.
The European Commission recently promised to interpret the rules on budget deficits pragmatically, to help European Union member countries cope with the economic crisis.