A burst of summitry may backfire against euro

Press quote (New York Times)
16 June 2010

"There is an obvious logic to this happening at 16," argued Charles Grant, director of the Centre for European Reform. "It's harder to have a discussion at 27 and the contribution of some of those not involved in the eurozone is less relevant. The more often they meet … the more they become like a college and start to understand each other." … Mr Grant highlights the need for labour market reform in southern Europe and for eurozone imbalances to be reduced through an increase in demand in Germany.