A Smokescreen Summit (03 Mar 2009)
“We must avoid constructing a new Iron Curtain in Europe”, so addressed the Hungarian prime minister Ferenc Gyurcsany his twentysix EU-partners last weekend in Brussels. Attached to this appeal was a request for a recovery plan for banks in Eastern Europe worth between 160 en 190 billion Euros. The Hungarian government chief implied that if such a plan did not materialize, Europe would be divided once more, which would blow up the European Union.
The Iron Curtain hyperbole was of course nonsensical and failed to impress Gyurcsany’s negotiating partners, but it did reflect the general atmosphere created by rather panicky leaks from Brussels, and the more widespread speculation that Europe’s current problems, and the seeming inability to come up with credible measures to cope with those, has caused the Union to drift into a danger zone.