Understandably, European governments are rethinking their aid budgets in the light of the economic crisis. But any cuts to aid and foreign ministry budgets should be judged according to results rather than a simple cost calculation.
The longer term challenges for Europe's politicians are to contest real power at a European level and be honest with voters about the issues confronting the continent in the 21st century.
In an article for the Financial Times, George Soros argues that European leaders now need to search for an alternative to the crisis that has spread across Europe. This 'Plan B' for Europe will be a European solution, rather than the national solutions that so many are looking for.
As EU leaders gather in Brussels for the European Council meeting, they need to remember that their efforts to save the euro do not just affect their impact at the next elections, but also their long term legacy. Buying time and muddling through are no longer enough.
Agreement over Europe's performance is not the aim of ECFR's European Foreign Policy Scorecard. The aim is to encourage serious debate about the goals, tools, resources, difficult trade offs and moral dilemmas of Europe's foreign policy – even if that means that readers strongly disagree with our conclusions.
The Maastricht foundation that underpins the € has been shown to be a fair weather construct, unsuited to the economic troubles of the last two years. Now a new storm-proof framework is needed, with Germany sharing economic sovereignty in exchange for other eurozone members buying into a new governance model largely devised in Berlin.
In the past, Germany has been both a model and a partner for Spain. But there have been deep-seated changes in how Berlin views southern Europe, and seen from Spain, it is as if Germany has decided southern Europe is a burden that prevents it from going global and needs to be dumped.
Europe is playing for big stakes at the G20 in Seoul. The summit is not just about opening up to the major emerging economies, but about how the West – including Europe – deal with the challenges of staving off the economic crisis and reconfiguring international institutions.
The New Germany turns twenty this weekend. The country is rightly celebrating unification, and the economic success that has followed. But Berlin seems unable to cope with the new pivotal role in Europe that stems from its success story. Instead of looking for somebody else to write the script for Europe, New Germany needs to take responsibility and help the EU establish a global role.
Das neue Deutschland wächst sichtlich aus dem europäischen Haus heraus. Es profitiert von der EU, will Sie aber nicht führen und sieht sich stattdessen noch in der europäischen Opferrolle. Ist der Preis für Europa wirklich so hoch? Und sind wir nicht der große Nutznießer in der EU?