The reader may rest assured: the Stability Pact is not dead and will be revised, and the euro is not in danger. The euro' s stability does not depend on a few billions extra in the 2004 budgets of France and Germany. I am not trying to say that the events of last week were unimportant, revealing certain potentially dangerous trends, or to deny that they have shaken the institutional set-up of the European Union (disquieting lawyers), I'm simply challenging some of the dramatic and even...