Recession could give birth to EU sustainability treaty

I suppose there could be a sense in which the current recession may come in later years to be seen as a blessing in disguise.

That is not in any way to understate the pain of those who have lost or will lose their jobs and savings now. There is always pain in any transition. But if Europe comes out of the present recession facing in a different direction, then perhaps we shall be better able to avoid even greater pain in the years to come.

What do I mean? Well, it's been pretty cl...