Fritz Scharpf: “The course of the present problem is the structure of the euro itself – a „one size fits all“ monetary policy.”
Interesting Thought by Loukas Tsoukalis addressing the relationship between Democracy and Financial Markets: “Do we deal with Market-driven Democracies or democratically driven Markets?”
Lisbon Treaty: European council has a new president – van Rompuy: he managed the beginning of the Debt Crisis in a strong manner, today the european council has turned into the key decision making body – “the rising star”.
The rotating presidency of the european council is, however, a “falling star”. It never really worked. European Parliament is a “linking star”; it has been a pro-decider, e.g. in ratifying the “sixpack”.
Aim of his speech: Not Defence of Europe but a Defence within Europe
- As collective the character of the problems, as collective should be the solutions be
- a lot of the UK elites in fact are very pro-European
- Joined objectives in terms of shared cooperation
1. Greater cooperation is difficult but essential
2. Consequence of Afghanistan: We stand for the same values, but sometimes we do not stand up for them. This is important
3. Recognition that the NATO will be the key institution to carry out military action.
- France, UK and Germany contribute to 65% on defence in Europe
- Euro-Skpeticism can be limited by increased cooperation – but only if we face it
- European military is shrinking all over Europe – this contradicts heavily what happens in China, India, etc.: This should be reconsidered
- greater cooperation within Europe under the NATO umbrella is required
- often, one may effectively prevent military action by education and economic development
- each country is making its own decision on military spending – but in the end, the size is going to shrink enourmously
- Lisbon treaty has been a major step forward in terms of European integration, but is not still implemented fully