France and Germany have bulldozed Britain out of EU for the sake of a treaty that offers absolutely no solution to the crisis at hand, or indeed any future crisis
Europe's blithering idiots and their flim-flam treaty
Ambrose Evans-Pritchard, December 9th, 2011
What remarkable petulance (småaktighet) and stupidity.
The leaders of France and Germany have more or less bulldozed Britain out of the European Union for the sake of a treaty that offers absolutely no solution to the crisis at hand, or indeed any future crisis.
There is no shared debt issuance, no fiscal transfers, no move to an EU Treasury, no banking licence for the ESM rescue fund, and no change in the mandate of the European Central Bank.
In short, there is no breakthrough of any kind that will convince Asian investors that this monetary union has viable governance or even a future.
Fotnot:
Flim-Flam: 1. Nonsense; humbug, 2. A deception; a swindle
Blithering 1. talking foolishly; jabbering, 2. Informal stupid; foolish
Kanske "pladdrande idioter" är vad han menar?
Full text
Nyheter om EMU
Ambrose Evans-Pritchard, December 9th, 2011
What remarkable petulance (småaktighet) and stupidity.
The leaders of France and Germany have more or less bulldozed Britain out of the European Union for the sake of a treaty that offers absolutely no solution to the crisis at hand, or indeed any future crisis.
There is no shared debt issuance, no fiscal transfers, no move to an EU Treasury, no banking licence for the ESM rescue fund, and no change in the mandate of the European Central Bank.
In short, there is no breakthrough of any kind that will convince Asian investors that this monetary union has viable governance or even a future.
Fotnot:
Flim-Flam: 1. Nonsense; humbug, 2. A deception; a swindle
Blithering 1. talking foolishly; jabbering, 2. Informal stupid; foolish
Kanske "pladdrande idioter" är vad han menar?
Full text
Nyheter om EMU
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