Europe’s financial storm may have passed its peak, but it is not yet finished blowing. Euro area leaders, meeting in Brussels on Friday, will announce a wave of reforms. Plans for a Franco-German competitiveness pact will not do enough to deal with the present crisis, or prevent another. But they will be a step forward, and one that must now be followed with further moves to ensure Europe becomes more convergent and competitive.
歐洲金融風暴的高峯可能已經過去，但風暴卻仍未停止。歐元區領導人上週五在布魯塞爾會面，宣佈了一系列改革措施。有關簽署一項「法德競爭力公約」的計劃，並不足以應對當前的危機或預防新的危機。但這些計劃終究是一次進步，人們必須立刻採取更多的舉措，確保增強歐洲的聚合力和競爭力。
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