February 7, 2011
Regarding ‘Franco-German fiscal pact faces opposition‘:
The franco-german invitation to Eurogroup member states to strengthen economic coordination within the Group under article 136 LT must be welcomed . Indeed this article PRESCRIBES such coordination and one must regret that it has not been enforced earlier as a reaction to the crisis . Let us hope that French and German ministers will also soon discover article 138 LT which invites Eurogroup member states to take common positions and establish a common representation in international financial organisations (ie. IMF) and conferences (ie. G20).
PresidentLetters to the EurActiv editor