Colm on the summit
This post was written by Kevin O’Rourke
In honor of the summit, I thought I’d post a link to Colm’s last piece in the Sunday Independent, which hasn’t yet had a thread of its own.
Summiteers, please remember: just because a particular “solution” seems politically necessary, that doesn’t mean that it makes any economic sense at all. If you really want to save the euro (as opposed to enabling it to hobble along for a few more weeks, months or years), then shouldn’t reforming the mandate of the ECB be at the top of your agenda?
And do please think about what constitutionalizing the equation
“Europe = austerity + unemployment”
will mean politically for the European project going forward.