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Euro and EU 'on edge of precipice,' says Delors
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AFP:
Jacques Delors led the European Commission from 1985 to 1994
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The euro currency and the European Union each today stand "on the edge of the precipice," former European Commission chief and prominent European federalist Jacques Delors said on Thursday.
Jacques Delors, credited with fathering the world's largest common market of half a billion consumers, made his comments in the wake of what he described as worthless proposals to reinforce cross-border economic governance made by German Chancellor Angela Merkel and French President Nicolas Sarkozy.
"Open your eyes: the euro and Europe are on the edge of the precipice," Delors told Belgian daily Le Soir in an interview splashed across its front page and published at the same time in non-EU Swiss counterpart Le Temps.
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