Putting fine words into practice. People now agree at EU level that budget discipline needs to go hand-in-hand with economic stimulus. All the EU institutions are calling for it and even Mario Draghi, the head of the European Central Bank, acknowledges the need for an economic recovery deal in addition to the fiscal compact (which must not be undermined). Getting agreement on this is a good point for Europe and I have been pointing out the benefits for the past few weeks now.
It cannot be...