Political union for Europe is unnecessary

At the G20 summit in Mexico several heads of government have called on Europe to quickly resolve the euro crisis by establishing a political union. Such expectations are unrealistic, the left-liberal daily De Volkskrant objects: "European integration, a European leadership and euro bonds are supposed to put a quick end to the crisis. That heads of government like Obama (US), Singh (India) and Calderón (Mexico) are calling for a European political union testifies to a lack of realism on their part. Not only is this political union unachievable, it is also unnecessary. With a package of measures Europe has already established a system for dealing with future crises. … Now it's just a question of how Europe can buy the time needed for Italy and Spain to reform their economies and get their finances in order. Because we're talking about a lot of money here, there are major doubts that this can be achieved. But futuristic visions of a political union won't fill the gap."

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