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La Stampa - Italia | Martes, 31. Enero 2012

Europe still lacking a plan

The debt crisis and automatic sanctions for deficit sinners will hardly help resolve the European debt crisis, writes the liberal daily La Stampa: "The fiscal pact overlaps rather obscurely with economic and financial legislation already adopted by the EU after lengthy negotiations. ... The pact basically adds virtually nothing new to the existing rules apart from obliging the individual countries to enshrine budget discipline in their legislation and if possible in their constitutions. ... There is no reason to believe that Europe won't bring the crisis under control, but yesterday's summit still hasn't erased the haphazard impression European governments have so far conveyed. Hopefully this will change with the next summit."

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