Under-estimated obstacles. Apparently I under-estimated the obstacles still ahead of the revision of the Stability Pact when I said that Jean-Claude Juncker was close to an initial positive result in his triple economic challenge (the Pact, updating the Lisbon Strategy, the forthcoming financial perspectives). First the Eurogroup, then the Ecofin Council, are to meet again on Sunday 20 March to try to reach an agreement. The partial failure of this week's meetings shows that two key aspects...