For Jean Pisani-Ferry the next EU summit, on 11 December, will show whether Europe is capable of a much needed concerted action. This would imply that member states resist the temptation to merely go through the motions, that Brussels be tough in its assessment of national efforts, and that a serious debate be held about burden-sharing. Pisani-Ferry believes it would be best for each country to contribute equally to the stimulus, with those whose initial fiscal position is poor having to specify upfront how they intend to put their house in order tomorrow. Only those in absolutely dire budgetary situations, he suggests, should be exempted.
This comment was also published in Le Monde.