N. 26 December 2002 | The impact of the economic crisis on the European institutions
Competition rules preventing state aids and the deflationary policies imposed by the Stability and Growth Pact are hindering development, and they prove disastrous during a recession. It’s also true that violating those rules would provoke a crisis for both the euro and the Union itself. The real issue here is that we must create a true european government with a true european industrial policy.