The Italians are not alone in casually disregarding prior commitments. Sooner or later, the lack of discipline in Euroland economic policymaking will cause us great woe. The EU needs a new democratic political structure which acknowledges that the region has a single economy and at least 12 of its members a common currency. We do not need the centralised superstate of eurosceptic nightmares. In fact I cannot imagine any of the EU s current leadership voting for such a thing.
Economic policy is too important to be left exclusively to the politicians.
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