The Undollar Digest

Europe’s Punishment Union

Ambrose Evans-Pritchard 10/27/2011 blogs.telegraph.co.uk

Very quickly, there has been much loose talk about EU fiscal union. What was agreed at 4AM this morning is nothing of the sort. It is a “Stability Union”, as Angel Merkel stated in her Bundestag speech. Chalk and cheese.
“Deeper economic integration” is for one purpose only, to “police” budgets and punish sinners.  
It [...]


You must be logged in to view the rest of this article

Users are required to register with our site before viewing this article. Registration is FREE! If you are already registered you may sign in below.

If you are not signed up you may do so in the form on the left. A username and password will be emailed to you.