EU COUNCIL: GROWTH AND FINANCIAL STABILITY. AGREEMENT IN BRUSSELS
A growth plan worth about 120 billion euros; the financial stability agreement for the countries that are fighting to reduce their public debt and speculation (the so-called anti-spread shield). These are some of the results of the first day of the European Council that will be going on in Brussels today. “The match played within the walls of the Justus Lipsius palace certainly reminded us of the Euro2012 semi-final between Germany and Italy in Warsaw. And, as it happened in the Polish capital, the Italian strategy prevailed in Brussels too”, Sir Europe states in a notice. A strategy “based on a double agenda: on one side, implementing a set of actions and a substantial allocation of billions to boost economy, and on the other side making the procedure easier for those countries that are doing their homework to reduce their debts, feeling that they are soundly backed by Europe”. “A different tune seems to be resounding in Brussels. The overall positive climate of the negotiations” has “above all shown the will to make the 27 member states move on in the same direction: more of a political Europe is fine – in the medium term – a budget and banking union”, which will be discussed in a special summit in October.