Emmanouilidis, Janis A., (2013), “Striking the right balance? An uneventful summit despite mounting socio-political uncertainties – Post-Summit Analysis”, European Policy Centre, 18 March.
It was not a summit that will enter the EU’s history books, and there were no new concrete additional measures to counter low economic growth and high (youth) unemployment. But the 14-15 March European Council did send out a subtle message that EU leaders – concerned about the risks of political and social instability in countries hardest hit by the euro crisis – appear increasingly ready to give struggling EU governments more time to implement fiscal consolidation and structural reforms, provided they remain firmly committed to those objectives. No major breakthroughs or new initiatives to respond to the crisis seem likely this year, but while optimism about the euro’s future has increased significantly and everyone is awaiting the results of federal elections in Germany, there is no room for complacency.