Opinion: Senseless centralisation

Aaron Woolner

In Greek mythology hubris is often quickly followed by Nemesis, the winged goddess of retribution: first comes the pride, then the fall. This is a scenario that should now be familiar to Romano Prodi, the European Commission (EC) president who steered the creation of the euro.

In a speech to the European Parliament a few months after the single currency was set up on January 1, 1999, he said: "For the first time since the fall of the Roman Empire we have the opportunity to unite Europe."

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here