I’ve found an interesting post by Harold James on how the EU stands against the crisis. As far as I understands, one of his claims is that though many argue to move towards keynesian-like solutions to overcome the economic crisis, according to him the European institutions and sharing of fiscal authority between national states and Brussels simply does not allow much keynesian policies. Especially not if the EU doesn’t one to build a “wrong regianlisation” where leading countries misuse their powers.

I think it definitely worth reading.