Europe should step up by standing down - by Jim O'Nei
Europe should lead by example -- offering the world the benefit of its deep experience of financial diplomacy and volunteering to take the first steps forward. Given that Europe managed to construct EMU, the Maastricht Treaty, and the stability and growth pact that underlines the euro, it should be relatively easy for Eurozone experts to help devise a system for judging G7 type membership. Unless European countries take the initiative on global financial institutional reform, it will remain a lost cause.
No comments:
Post a Comment