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.
欧洲金融风暴的高峰可能已经过去，但风暴却仍未停止。欧元区领导人上周五在布鲁塞尔会面，宣布了一系列改革措施。有关签署一项“法德竞争力公约”的计划，并不足以应对当前的危机或预防新的危机。但这些计划终究是一次进步，人们必须立刻采取更多的举措，确保增强欧洲的聚合力和竞争力。
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