The EU as a protective shield

In the opinion of the liberal left-wing daily Népszabadság the EU has the choice between moving closer together or splitting up: "It is significant that it was the eurosceptic British Prime Minister Gordon Brown, of all people, who had to show the 15 countries of the Eurozone what course to take: pumping public money into banks; revitalising lending among banks in order to stimulate the economy and providing state guarantees to cover bank loans with the aim of winning back the diminished confidence of borrowers. ... What would have happened if the European economies didn't have the double protective shield of EU institutions and the euro doesn't bear thinking about. ... The past few weeks have given us the following insight: without genuine political union Europe is not in a position to find answers to crises other than those it recently managed to produce only after immense efforts."

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