None of the grants will arrive until next year. The package is therefore useless as Covid disaster relief.
In the meantime the European Central Bank is holding the eurozone together by soaking up Italian, Spanish, Portuguese, and Greek debt issuance, though with the German Constitutional Court breathing down its neck.
The Spanish coalition includes two Corybnista parties: Podemos and Izquierda Unida.
David Cameron was right about the Fiscal Compact. Events have shown that it is a deflationary doomsday machine.
(The fiscal compact – formally the Treaty on Stability, Coordination, and Governance in the Economic and Monetary Union - more here)
The Spanish coalition includes two Corybnista parties: Podemos and Izquierda Unida.
David Cameron was right about the Fiscal Compact. Events have shown that it is a deflationary doomsday machine.
(The fiscal compact – formally the Treaty on Stability, Coordination, and Governance in the Economic and Monetary Union - more here)
They always nudged forward the Monnet agenda by means of creepage, precedent, and the establishment of facts on the ground.
The democratic consent for this erosion of sovereign national control was thinner than EU enthusiasts ever cared to admit.
A big step towards fiscal federalism in Europe
When the euro was born everyone knew that sooner or later a crisis would occur.
It was also clear that the stability and growth pact was – as I have said before – “stupid”
Romano Prodi FT May 20 2010
When the euro was born everyone knew that sooner or later a crisis would occur.
It was also clear that the stability and growth pact was – as I have said before – “stupid”
Romano Prodi FT May 20 2010
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