The second event that marked the pre-Christmas schedule has been the European summit European Council of 15 to 17 December .
The summit was intended to pass the bailout permanent mechanism for the euro area (on the previous summit and I wrote a post a few days ago ).
Heads of state have met the minimum goals. Important decisions include a) providing permanent the European Financial Stability Fund from 2013-mechanism was used to save Ireland and Greece in recent months, and b) that the mechanism lifeguard is included in the Lisbon Treaty by a brief review of 'limited' in a single article of the Treaty, avoiding procedures that some might consider 'disproportionate' as national referenda.
You can read the text to be added to the Lisbon Treaty here.
I agreed is positive for the future of the Euro, although a significant portion of the measures that had been discussed have been shelved. Including the possibility that the European Central Bank may issue 'Eurobonds' (on the blog you can read Quatremer doubly extent to which the issue of 'Eurobonds' meant a measure recommended for 'calm' markets and help the EU to restructure and here here.) The second significant note is that David Cameron was able to impose their interests from beginning to end, recalling to some extent a time of stagnation for the development of the European Union was the mandate of Margaret Thatcher-(read a good analysis by Forissier in Euractiv here.) During the Summit of Heads of State has finished discussing budget (I wanted Cameron). Likewise, the Member States have included a clause in the stability mechanism by which a hypothetical rescue of a struggling country is far less automatic, and in principle states outside of the Eurozone are free to participate in the process (again in line with what I wanted the first Briton and a 'concerned' Merkel why the EU could use some of their coffers to save States 'insolvent', and yet members of a supposedly community solidarity and the EU-).
Thus last week continued marked by the same dynamic in recent years. The European Council continues to promote a Europe of states, where are they who decide when to 'save', with the euro, or when damage to the Union with the estimate based on your interests and priorities. Parliament Europe, much as the Lisbon Treaty on many matters granted an equal footing, still does not show the self and 'identity' institutional capacity to maintain a political pulse with the Council. To this we add the note 'concern' in the character of Cameron, a politician who has managed to dominate the political agenda and discussed in the press during the last summit of the Union. A politician, not forget, flirted with the idea of \u200b\u200b'out' of the EU a few months ago, on the campaign trail. The problem remains the same as always, intergovernmentalism pays off when all governments have the same priorities. Otherwise, the loser the Union is, in tow permanently hobbled, limited and often ineffective. Do not forget that the interest of having a European Union is precisely to create a structure 'community' that can be erected above the spot and short-term interests of states and instead defend the long-term collective interest of all Europe. 50 years ago we realized that such a project would only be possible if the States decided to 'limit' their power in favor of the supranational structure. It seems as if more integration, more must be done suddenly remember this maxim ...
Now if I leave the real 'Christmas gifts' in the form photographic selections:)
The best photos REUTERS 2010.
best photos AP 2010.
Merry Christmas!
A hug!
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