Stability and Its Risks

Abstract

In his youth, we are told, Augustine of Hippo, later Saint Augustine, found himself torn between high religious ideals and hedonism. As he himself famously wrote, his prayer was ‘Lord, grant me chastity and continence, only not yet’.

Failure to address crisis or postponing appropriate action on the spurious grounds of financial and political stability may only make matters worse and trigger further upheaval.

A. de Juan

Article published in the Spanish financial daily Expansión on 13 January 2017, focusing on the weaknesses of the European institutions in the face of aftershocks from the recent financial crisis.