Greece plan tax rises and spending cuts (FT reporters, FT)
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The most important speech delivered in Europe last week came from Herman Van Rompuy, the European Union’s full-time president. It had real depth and did not try to conceal the EU’s problems behind a mask of unconvincing optimism.
The speech addressed how to strengthen Europe’s role in a world in which the Old Continent appears in danger of slipping into faster relative decline unless it gets its act together. The speech had much to say about economic policy, but it was the foreign policy content that was more original. This was Van Rompuy’s first detailed exposition of his views on the subject. Read more
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