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Neuerer, Dietmar

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Handelsblatt - Germany | 09/12/2011

Summit divides EU

The resolutions adopted in Brussels will unavoidably lead to a two-speed Europe, writes the liberal business paper Handelsblatt: "Europe has still not understood just how serious the situation now is. This is all the more disastrous because even German Chancellor Angela Merkel and the French President Nicolas Sarkozy set the bar for success at the two-day Brussels summit particularly high. ... But even more serious is that the path adopted by Merkel and Sarkozy will de facto lead to a two-speed Europe and division among the member states. Until now a way had always been found to hold the show together and find a common solution for all the EU states. But that's a thing of the past. The sober - and bitter - reality is that the 17 euro countries want to introduce stricter rules on budget control with a treaty of their own, accompanied by those EU countries that share this goal. There could be no surer way to drive a wedge through Europe."

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