There are high chances that Pascal Lamy would be chosen as the next head of the EU's executive by European policy elites. He is Frenchman who has left his position as head of the World Trade Organization in the month of July.

Lamy, 66, was chief-of-staff to Jacques Delors, the Commission president who pull Europe out of the pessimism in the 1980s by demolishing internal obstacles to make a single market and paving the way for the euro single currency.

He says that the European Union requires a new dream to revitalize its drooping luck. It is based on modernizing its `social market' model of tempering monetary forces with social defense to keep it sustainable.

He joked at the annual conference of the Friends of Europe think-tank in Brussels, saying, "I am in agreement with 95 percent of social democrats in Europe. The trouble is the other five percent all live in my country". He was guest of honor at the annual conference.

Eurosceptical parties are likely to make extraordinary profits in European Parliament elections that are to be held in next May.

Failure to maintain economies competitive in Europe could also weaken the capability to support the welfare state.

Lamy got encouragement first at the French Finance Ministry and after that at the Commission.