Tony Blair, Global Viewpoint
I do not envy the current European leaders their task. Over the past 60 years,
This crisis is existential for
For
The politics of
It is also clear, however, that without implementing what are difficult but long overdue changes in areas like internal labor markets, welfare provision and state pension systems -- the types of changes
At present the sense is that, step by step,
So despite huge efforts by the German leadership in particular, the result is that neither German commitment to save the euro nor others' commitment to reform is entirely credible. So the markets continue to speculate, and the price of saving the euro rises daily.
Cheap money from the
What
The best thing now is to force everyone to make the big decisions and make them together. We need policies for growth, reform and unity.
For this generation of leaders, we are used to periodic crises that somehow resolve themselves. This crisis is different. It is a new experience for us, with the 1930s the nearest parallel. All the choices are ugly, but the least ugly for
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(c) 2012 Global Viewpoint Network; Distributed by Tribune Media Services