“A profound crisis" was the apt summary of the state of the EU by Jean-Claude Juncker, the Luxembourg prime minister, who chaired last week's EU summit. After the embarrassing ‘No' votes in France and the Netherlands, and the decision to postpone the ratification of the constitutional treaty, Europe's leaders have failed to agree a budget package for the period 2007-2013.
No one can be in any doubt that the union is facing a...
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