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Nida-Rümelin, Julian

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Le Monde - France | 05/09/2012

Habermas, Nida-Rümelin and Bofinger call for Europe's political integration

Three renowned German thinkers, the philosophers Julian Nida-Rümelin and Jürgen Habermas and economist Peter Bofinger, call in the left-liberal daily Le Monde for the political integration of Europe: "The euro crisis reflects the failure of a dead-end policy. Despite extensive rescue programmes and countless crisis summits, the situation of the eurozone has steadily deteriorated over the last two years. ... There are only two coherent strategies for dealing with the current crisis: a return to national currencies across the EU ... or the institutional underpinning of a collective fiscal, economic and social policy within the eurozone, with the further aim of restoring to policymakers their lost capacity for action in the face of market imperatives at a transnational level. ... For this reason alone - because it leads on to this broader perspective - the second option deserves preference over the first. ... We believe that we should be entirely open about this process. It is simply not possible to retain the common currency without also espousing the idea of collective responsibility and redressing the institutional deficit in the eurozone."

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