Editorials

Germany and France made it possible to hold a European Council that had purpose on 19th and 20th March.  As always they swept away past disputes and focused on the essential. Decisions were taken and these were much more ambitious than had previously been planned. They were carefully...

The extraordinary European Council meeting on March 1st that looked into the measures to take to fight against the crisis has left us with a bitter after taste. Technical measures were prepared and this is a good thing. We know that Mr Larosière's report on European financial supervision...

Barack Obama gained approval for his economic recovery plan: 620 billion euros ie 6% of the GDP. The Chinese have committed 460 billion ie 7%. The European plans added together have difficulty in rising to 280 billion, ie 1% of the GDP. The European response to the crisis is inadequate. Everyone...

Governments must take urgent action to counter the serious economic crisis we are facing. This is a time when several European policies are being put to the test. Monetary policy, which has been criticised for many years is now unanimously saluted. It can even be said that the European Central...