Thursday, November 28, 2013

Europe needs new dream to revive fortunes: Lamy

PARIS (Reuters) - If European policy elites could choose the next head of the EU's executive, Pascal Lamy, the Frenchman who stepped down as head of the World Trade Organisation in July, would be near the top of most people's list.

Lamy, 66, was chief-of-staff to Jacques Delors, the Commission president who pulled Europe out of the doldrums in the 1980s by tearing down internal barriers to create a single market and paving the way for the euro single currency.

Now he says the European Union needs a new dream to revive its sagging fortunes, based on modernizing its "social market" model of tempering economic forces with social protection to keep it sustainable
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