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Les Echos - France | Wednesday, October 12, 2011

Slovakia highlights EU's weaknesses

Slovakia's No to the extension of the euro bailout fund is a clear illustration of the weaknesses of the EU, the business paper Les Echos writes: "Whatever course this episode takes, it illustrates once again the absurdity of the EU's mode of operation. Slovakia's vote - with five million inhabitants - carries just as much weight as that of Germany, France or Italy regarding the future of Greece and the euro. It is legitimate that an organ should exist where all states have the same voting rights, as is the case in the US Senate. But this equality is not practicable when it concerns central decision-making processes or when, like today, a decision is urgently needed. There are several potential scenarios: one could replace the principle of unanimity with the majority principle, or abandon the principle of one country, one vote. But one thing is clear: if Europe wants to move forward it's got to shift into a higher gear."

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