Europe must unite to win this economic war

A modern-day Marshall Plan supported by national leaders that included debt write-off, public investment, and trade would give all of the EU its best chance of recovery, writes Bill Emmott

EVER since Europe’s economic crisis erupted more than four years ago, politicians and pundits have clamoured for a grand solution, often invoking the example of America’s postwar Marshall Plan, which, starting in 1948, helped to rebuild Western Europe’s shattered, debt-ridden economies.

But the political moment has never been ripe. That could be about to change.