Solving the economic crisis: the role of the EU

Abstract

The author argues that over the past few months, the political centre-right has become the most credible option in regards to future economic reforms. The proposed framework which balances competitiveness with rules to protect European citizens, while at the same time maintaining the core values of freedom and responsibility, is the best recipe for an effective economic recovery. The author underlines the importance of facing this first global economic crisis by adapting our values to the new era, suggesting that although faced by difficult times, the world has been offered powerful incentives to change. He argues that the single market is part of the solution and not the problem in this financial crisis. Only by working together, yet respecting the rules of subsidiarity at all times and avoiding protectionism at all costs, will the EU both overcome the recession and ensure that a similar situation will never happen again.