This contribution by the President of France is what Europe needs. Finally a leader who does not say that Europe is responsible for what goes wrong and that national politics can take credit for every success. On this basis we should now start a debate on the detailed proposals. The main danger will be to avoid the slippery slope from a 'Europe that protects' to a European protectionism. The European economy will be stronger if its subject to vigorous global competition, even if that competition might at times appear unfair to some.
Although the fall of the Berlin Wall signaled the demise of Soviet-style communism, it did not necessarily imply a victory for capitalism. To this day, Germans remain skeptical of an economic model that has delivered prosperity to other developed Western countries.