Was bringt der „Euro-plus-Pakt"?

The sovereign debt crisis has made it clear that the economic coordination within the Eurozone is insufficient. While there are a wide range suggestions about how coordination could be improved at the European level, the reality of what is actually happening reveals a different picture. The economic and political elite of the European Union resemble a "dictatorship of creditors" in which economic competitiveness has become the key theme. This article challenges the current indicators used to assess competitiveness and poses the question of whether it is not actually the instability of the financial markets that is the Eurozone's real problem. [ABSTRACT FROM AUTHOR]