Lessons from the euro crisis

barber 300x199 Lessons from the euro crisisLionel Barber, editor of the Financial Times, came to ESADE this week to deliver an address on the euro crisis on a very special day for us: the opening ceremony for the 2012-2013 academic year.

We start this new academic year at ESADE in a context that is extremely difficult and uncertain. The economic and social crisis has reached its fifth year, and its negative impact on individuals, families and institutions continues to spiral. These are hard times for Spain.

Lionel’s speech about the euro crisis was very powerful, full of strong, well-argued messages that invited global reflection and kept its distance from the blaming game that dominates the political debate in Europe. If we want to get out of this crisis before it’s too late, we need to start taking serious action. Procrastination will only exacerbate the damage, and the consequences of inaction may be devastating. We cannot afford for this to happen.

Today, what we need more than ever, as Lionel said, is political courage and decisive action. We should not forget what John F. Kennedy once said: In a crisis, be aware of the danger, but recognise the opportunity. Europe can get back on track. We just need to remember that if we work together towards the same goals, we’ll achieve them much faster.

See the full text of Lionel Barber’s speech at the Financial Times

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