The first is the temptation to spread the wealth around to every region and interest group.
This is a recipe for disaster, as it will create a new appetite for increased spending and yet another powerful interest group to oppose deficit-reduction measures.
We cannot sustain a system that bleeds billions of taxpayer dollars on programmes that have outlived their usefulness, or exist solely because of the power of a politician, lobbyist or interest group.
Third is Europe’s inability to speak with one voice, and the ability of national interest groups to hijack policy.
