In any crisis, we must learn from them. Wednesday inaugurated the MEDEF Summer University on the HEC campus at Jouy-en-Josas, President of the European Council, Herman Van Rompuy, virtually as a lecture, those details should result from violent shaking of the last month in Europe. In a reference to the writer Paulo Coelho, he stressed that "the simple things are the most extraordinary." He himself has selected ten.
"Little more soul"
Among these great teachings, there are first those who want to avoid new debt crisis."If all countries had complied with fiscal orthodoxy, there would have never had a crisis," said President of the European Council.
Therefore, if a country borrows, it must be "to invest and not to consume", keep in sight the return to equilibrium or be "solidarity" with those who make efforts the front of their public finances. The other lesson is the need for "rigorous financial regulation," which requires in particular a reduction in the role of rating agencies.
Finally, Herman Van Rompuy calls for a "little extra something" European because "unity is strength in diversity". And "there is no common currency without a common economic policy," he said. The enemy of Europe, "it's every man for himself and me first."He has complained that European leaders are sometimes expressed in a disorderly manner, increasing in his nervousness in financial markets guaranteed online payday loans. "Criticizing the decisions taken collectively is a strategic mistake," he said.
Why a strengthening of European governance is needed, governments now believe. What about the adage "better to rule must govern least"? It is "not always easy," said the Belgian."The euro has never had the infrastructure for economic and fiscal surveillance needed," pleaded one who should become the president of "economic government of the euro area" advocated by France and Germany.
Greek debt, "top priority"
In this context, Herman Van Rompuy said that the implementation of the summit conclusions of 21 July was on Greece, "in the short term, the priority of priorities". He also expressed optimism about the outcome of the dispute created by the conditions imposed by Finland to implement the agreement. The Greeks, however, must "scrupulously respect what was required of them," he e precise.
Wednesday, Herman Van Rompuy wanted to end on an optimistic note – echoing that of Laurence Parisot, who sees no risk of further recession of the Old Continent.Faced with "the breakthrough of globalization," to "Challenges and Opportunities", the euro zone out "beyond recognition" of this crisis, he wagered. Above all, "it will not disappoint."