Europe Afterwards. Recommendations for a global strategy to settle the crisis

Faced with the sovereign debt crisis, the eurozone Member States have been obliged to take decisions moving towards greater European integration. This has rekindled the debate over European federalism. But the move towards greater European integration has been made under the pressure of circumstances, without any overall plan. Therefore, it seems time to reflect on a global solution, on coordination between the various responses that have already been put forward and on a synthesis between the various positions of the different actors. A global response to the crisis might comprise the creation of a European Treasury, the definition of a European growth strategy and institutional reforms that aim to underpin the democratic legitimacy of the eurozone. Moreover, it is also necessary to look into the issue of differentiated European integration.

ESO: Key Source: The Euro Crisis http://www.europeansources.info/record/the-euro-crisis-key-sources/

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