Brussels, 04/01/2011 (Agence Europe) - Without a united economic policy, underpinned by a federal budget, the euro will not last for long: the Greek crisis of 2010 highlighted the weak points in the Community project. The decisions that the EU27 leaders had to make with regard to this crisis and the permanent stability mechanism roadmap only partially rectified the situation. This is the main thrust of the editorial contained in Unità europea, the monthly publication of the European Federalist Movement (EFM) founded by Altiero Spinelli in 1943. Alfonso Iozzo, from the European Federalist Movement's federalist committee, writes that the idea of issuing eurobonds was put forward by federalists a long time ago but is now at the heart of the European political debate - this is just like the idea of the single currency, which was initially received very sceptically, but following the crisis, it has become a central issue. At the same time, implementation of the permanent stability mechanism, which has its limitations, as well as enormous potential, could see developments moving towards a federal public debt agency and would require an amendment to the Lisbon Treaty. In his editorial, Iozzo supports the idea expressed on several occasions by the chairman of the European Parliament's budgetary committee, Lamassoure, who is thinking of arranging a joint meeting between the European Parliament and the national parliaments, in an effort to decide on reform of the EU budget. This would provide an occasion for moving towards the semblance of a European federation. According to the EFM “the euro crisis will only be overcome once the international markets understand that Europe has resumed its march towards unity and sidelined knee-jerk nationalist reactions, which have undermined the most pro-European countries”. (Com-Gp/transl.fl)