• Speaking in the European Parliament on November 13, 2007, French President Nicolas Sarkozy stated that Europe had to be more than a market and a set of rules and warned that Europeans were suffering from an “identity crisis” linked to globalization and excessive commercialization (FT, November 14, 2007, p. 2)
  • On November 13, 2007 the European Court of Auditors published a report which criticized “irregularities” in the EU budget for the 13th successive year. The report stated that about €3.9bn of the EU’s regional aid program had been incorrectly spent (FT, November 14, 2007, p. 2; WSJE, November 14, 2007, p. 8)