In an interview with The Daily Telegraph,
Jacques Delors, the former president of the European Commission, claims that
errors made when the euro was created had effectively doomed the single
currency to the current debt crisis. He also accuses today’s leaders of
doing “too little, too late,” to support the single currency.
The 86-year-old Frenchman’s intervention comes the day after France and
Germany took another step towards the creation of a full “fiscal union”
within the European Union and David Cameron insisted that Britain must
remain a major player in Europe. Mr Delors, who led the commission from 1985
to 1995, played a central role in the process that led to the creation of
the euro in 1999. In his first British newspaper interview for almost a
decade, he says that the debt crisis reflects a threat to Europe’s global
role and even basic Western democratic values. Read Here
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