Europe must deliver a vision that justifies the need for co-operation

Rather than struggling to cope with crises as they arise, Europe’s political class must anticipate and address challenges, writes European Parliament president Martin Schulz

In 2007, the US caught a serious — and highly contagious — economic cold.

Eight years later, it is finally making a convincing recovery. In fact it’s so convincing that last month the US Federal Reserve raised the country’s base interest rate for the first time in almost a decade.