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What’s in a Plan ? An answer to George Soros’ Plan B to the Eurocrisis. Egmont Commentary, 12 July 2011

de Schoutheete, Philippe (2011) What’s in a Plan ? An answer to George Soros’ Plan B to the Eurocrisis. Egmont Commentary, 12 July 2011. [Policy Paper]

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    The European Union faces important problems in various fields but it seems clear that the really vital issue is the euro. Failing to define and implement a collective foreign policy would negate forty years of efforts in that direction, impairing the capacity to defend Europe’s interests in a globalised world, but it would not tear the Union apart. Reinstating border controls on the free circulation of persons, in violation of the Schengen agreements, would be an obvious absurdity, but the sort of absurdity which can easily be redressed at a later stage. A disorderly break-up of the eurozone, however, would lead to panicky protectionist measures and competitive devaluations, leading in turn to the dismantling of the single market, possibly even the customs union, in an atmosphere of mutual recrimination. That situation could not easily be redressed, and the very existence of the Union would be compromised.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Egmont : Royal Institute for International Affairs > Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 05 Feb 2018 16:22
    Number of Pages: 3
    Last Modified: 05 Feb 2018 16:22

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