EU's new split is north-south, Estonian president says
EU Business Friday 18th February, 2011
) - The global crisis has broken down the east-wide divide in the EU and created a new north-south split which hinges on attitudes to the market, Estonia's President Toomas Hendrik Ilves said Friday. "The recent economic crisis has changed the geographical self-identification of the European economy, with the old dividing lines between East and West -- so-called 'new Europe' and 'old Europe' -- fading and being replaced by new lines between north and south Europe," Ilves told a conference of the Estonian employers' federation. "The talk is not just of sustainable fiscal policies and responsible economic policy, but more broadly about the competitiveness of economies and also different attitudes towards the transparency of the economy and market economy as such," he added. Estonia, a Bal...
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