Herman Van Rompuy, President of the European Council, yesterday recorded video responses to a couple of questions from Debating Europe commenters (you can see these answers, along with others, on Van Rompuy’s Ask the President site). The first came from Gordon, who argued:
Clearly membership of the Eurozone is too difficult for Greece and consideration must be given to allow Greece (and others) the possibility of leaving the Eurozone, giving them the flexibility of devaluing.
Although the idea of a country leaving the Eurozone had been floated since the early days of the crisis, it was only when former Greek Prime Minister George Papandreou announced he wanted a referendum on his country’s bail-out terms that it actually became a serious possibility. In his answer, President Van Rompuy emphasises that European leaders have “never, never” argued amongst themselves that any country should leave the Eurozone. He says that the Eurozone is not “a café one can go in and out from at any time” and that membership of the Eurozone is permanent.
In his second answer, President Van Rompuy addresses a question from Amara Man asking when European leaders will stop “kidding themselves” and accept that the Euro is dead.
Is the Euro “dead”? What do YOU think? Next week might (really, this time) be a “make-or-break” summit for the Euro. European leaders will be meeting on 9th December to discuss proposals for “limited treaty change” and a “fiscal compact”. What would you say to them? Is membership of the Eurozone permanent? Let us know your thoughts and comments in the form below, and we’ll take them to Europe’s leaders for their reaction.