Bini Smaghi: “The crisis has shown that the euro is an incomplete construct and needs to be completed.”
Via the Irish Economy blog. In a speech at the 8th European Seminar in Poros, on 8th July, Lorenzo Bini Smaghi, Member of the Executive Board of the ECB, did a reasonable job of identifying the problems highlighted by the sovereign debt crisis – although he denies it’s an existential crisis for the EU. But, as a true believer in the “European Project”, his solution may not be to everyone’s taste… From his 8th July speech In my view, we should strengthen …