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Delo - Slovenia | Thursday, February 17, 2011

Damijan Slabe on how crisis splits Europe in three

The dispute over Europe's path out of the crisis will soon effect a radical change in Europe, Damijan Slabe suspects in the daily Delo: "Because the bickering over saving the euro, be it through 'economic governance' or simply 'more intense economic cooperation', has produced at least three potential new Europes. The first border runs through the community of 27 states and creates a divide between the countries with the euro and second-class countries without it. ... But also within the euro group two conflicting camps are already forming with very different ideas on how to escape the crisis. For the one camp Brussels' intervention in the economy, competitiveness and social policy is the only solution, although even under the Lisbon treaty this is still domestic policy and therefore taboo. For the other such intervention is unacceptable, particularly as it smacks of a handful of countries nannying the others."

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