The EU needs common economic government

EU Commission President José Manuel Barroso today presents proposals for Europe's new common economic and growth strategy. The business paper Diário Económico writes it off as humbug given the present circumstances: "To present economic goals for 2020 now, at a time when no one can guarantee the economic rescue of Greece ... is like a surreal or autistic joke. No one doubts the efforts being made by the EU Commission ... to find a solution for Greece, but they may not be enough. At present a bailout by German banks is under discussion. This is a solution that emphasises the intergovernmental component of the EU and weakens the project of European integration. ... Barroso's new agenda should concentrate on a common economic government for Europe, with a common budgetary policy that promotes a common economic policy. This is the priority. Everything else is just the empty talk of Brussels bureaucrats."

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