The financial crisis is likely to create fundamental changes in the EU. But the bloc is still at an early stage of formulating its response, Belgian industrialist and former EU commissioner Etienne Davignon told EUobserver.
"It's clear that the world will not be the same after September 2008," he said in an interview on 12 March, referring to events last year such as the fall of Lehman Brothers bank in the US, which first put in the public eye what has since become the global economic...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.