- Crisis shows daily how some euro states can hit all
- Euro bloc must follow best practice, not mediocrity
- Political union needs to correct euro’s failures
- Shared liability is unprecise, can’t come first
- Too much about liability, too little about controls
- Control and liability must go hand in hand
- Agrees with Van Rompuy’s building blocks
- EU integration means more intervention in budgets
- Mutual liability possible only with enough oversight
- Euro bonds are the ‘wrong way’
- German strength not unlimited, don’t overestimate
- Euro bonds would lead to same old mistakes repeated
Bloomberg reporting
