Rome should advocate more EU integration

In Rome, a crisis summit involving Germany, France, Italy and Spain takes place this Friday. Rome should play the role of mediator to speed up economic and political integration in Europe, writes the liberal-conservative business paper Il Sole 24 Ore: "The euro is in crisis because the Lisbon treaty stipulates the supranationality of monetary policy but leaves tax, economic and fiscal policy to the national governments. … If the political causes of the crisis lie in the inter-state logic of the Lisbon treaty, the crisis can only be overcome when this logic is called into question. Italy can play a key role here by calling states with resurging demands for sovereignty to order and saying clearly that it's not enough to demand an expansive economic policy, as Hollande's France is doing, without addressing the issue of how this policy is to be managed. … Nor is it enough to point to the need for greater integration, as Chancellor Merkel recently did, and then oppose political measures that would advance that integration."

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