At a time of European debt crisis, when some see a common currency as a straightjacket, Europe must follow through and strengthen the euro. Europe must also move on political reform. One place to start: Elect the president of the European Commission, the EU's executive arm.
British Prime Minister David Cameron today defended his veto of greater EU fiscal integration as a protection against London's financial sector.
Angela Merkel and Nicolas Sarkozy have proposed a pact to form a European 'fiscal union' with strict financial rules in parallel with the EU. But Britain has balked, leaving it the odd man out.
On the eve of a major EU summit aimed at saving the euro, anti-German sentiment is on the rise, with many in struggling eurozone countries tired of Berlin's dictates.
The EU might invoke an 'overpass' clause to head off individual nations' objections to more centralized budgetary powers.
The Greece and Ireland debt crises have raised more questions about a currency that was supposed to unify Europe.
Chancellor Angela Merkel of Germany, together with France's government, pushed through a tough amendment to EU finance rules today.