Reuniting Europe

I think that EU leaders will find a compromise over the 16-17 December summit and overcome the present deadlock on the budget for 2011.

The political cost of a lack of compromise would be too high. The signal the EU would send to the world, and to markets, would cause too much harm, especially to the euro and the eurozone.

In my understanding, Parliament President Jerzy Buzek has made the talks more difficult, insisting for a list of political commitments for which the EU ministers present had no mandate.

Probably this is why the most ‘difficult’ countries came with new demands, regarding the reallocation flexibility mechanism, or to put an end to the use of EU ‘unspent’ money for projects of EU interest.

To make a long story short, I see ground for compromise.

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