Europe Finally Takes A Step In The Right Direction

I was in Ischia, off the coast of Naples, during the latest eurozone summit. Many of the Italians present during the award of this year’s Ischia prizes for journalism thought that Italy had won two victories over Germany: in football, at the European championships, and in economics, at the European summit. Then came the football final, against Spain. How much is likely to be left of the summit euphoria a few months from now? The answer, I believe, is: something, but not all that much. The 19th crisis summit was better than many of its disappointing predecessors. But the game has not yet changed.

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