The centre of political gravity may be in Brussels today as EU leaders meet for yet another “make-or-break” summit, but all eyes in Europe will tonight be on Warsaw. The German and Italian football teams will be battling it out to see who will go on to the European Championship final on Sunday.
Like the Germany-Greece game last week, tonight’s game will be fraught with political tension. Thankfully, German Chancellor Angela Merkel will not be at the match tonight to humiliate her Southern neighbours, as she did at the match with Greece. Instead she will be here in Brussels, perhaps watching the match with Italian prime minister Mario Monti. And as the Germans and Italians battle it out on the field in Poland, their leaders will be battling it out here in Brussels.
Monti, the ‘technocrat’ prime minister put into place by EU leaders after they forced disgraced former prime minister Silvio Berlusconi to resign, is coming to Brussels today with a list of demands. He wants the EU to take immediate measures to save the Italian and Spanish economies, which are teetering on the brink of collapse. Specifically, he wants the EU to collectivise debt by issuing ‘eurobonds’ – a joint bond guaranteed by all countries using the euro.
