Three reasons for a watchword. Wisdom and moderation. These are not terms often used in this column when describing the progress made by the European idea. It is normally courage, resolve, imagination and just a touch of visionary audacity that is usually recommended. But the financial perspectives are a special case, for three reasons: a) there is already a project, wrought with great difficulty by reticent Heads of Government mainly concerned by national interests, and, despite its...