Europe needs a "Legitimacy Compact" - Lamy

The following is from a 29 June 2012 speech by Pascal Lamy of the World Trade Organization.

Director-General Pascal Lamy, in receiving an honorary doctorate degree from the University of Edinburgh on 29 June 2012, said that “Europe needs a ‘Legitimacy Compact’ to complement its Fiscal and Growth Compacts. More stringent disciplines and stronger solidarity can only be held together in a more perfect political union.”

This speech is available in its entirety at:
http://www.wto.org/english/news_e/sppl_e/sppl241_e.htm