Who will pull Europe back from the brink?

Mario Monti is an example of admirable national leadership, but leadership has not been a feature of the EU’s response to the crisis.

While lacking any privileged insider information, I nonetheless hope that Mario Monti carries off this newspaper’s European Leadership Award, to be announced today (May 31). He may be an improvised, unelected prime minister, but his reforms are giving Italy a badly needed push in the direction of economic growth and financial stability. And, above all, we should be grateful for the fact that he is not Silvio Berlusconi.

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