If the euro becomes a factor promoting Europe's drifting apart, then the foundation of the European project is destroyed.

Growth in any individual European country has to be the result of policies for growth pursued in that country consistent with budgetary discipline.

It is rather unusual for Italy to be at the forefront of pro-market initiatives.

I am certain that most Germans have instinctive liking for Italy, just as Italians admire Germans for their many qualities.

A lot of the American press at the time was saying 'just watch what happens when Bertelsmann tries to buy EMI, that will be a moment of truth that will show the Commission's true colors.' Well, that deal never happened either.

If Spain goes under, Italy will come under even more scrutiny.

If the euro becomes a factor promoting Europe's drifting apart, then the foundation of the European project is destroyed.