
Editorial
The past few days have illustrated how the EU’s role, in the field of economics and business, spans simultaneous struggles to meet massive, destabilising crises, and the concern with incremental attempts to ‘add value’.
Once again, the EU Council at the end of June had to set aside its long-planned agenda in order to grapple with the threats to the Greek economy, the Portuguese economy, and the Euro. The ‘rescue package’ for Greece is so onerous that virtually no Greek regards it as as rescue, only as a condemnation to years of economic misery. The rest of the EU also struggles with the challenge of balancing solidarity (strongly tinged with self-interest, especially in those countries whose banks are heavily exposed to Greek debt) with effectiveness: behind this there looms a nightmarish question. How many fragile economies can be supported, or even rescued successively – and by whom? Continue reading

















