EU ECONOMY

One must not forget that in the management of the economic crisis of the previous decade much time was lost before ECB chief Mario Draghi’s decision to guarantee the viability of the common currency.

The chasm between Northern and Southern Europe exists not only in supranational structures such as the EU but also in individual states, such as Italy, where there is a geographic chasm in the distribution of wealth. It can be seen to a lesser degree in France.

Germany, has begun to shed its fears from the past and that it is no longer bedeviled by the spectre of inflation and by the memory of the Weimar Republic – that it understands the concerns and challenges with which the contemporary world is confronted.