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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 11 October 2012 [View all]xchrom
(108,903 posts)33. EU At Risk of Remaining a Toothless Tiger
http://www.spiegel.de/international/europe/eu-attempts-to-get-tougher-on-rule-enforcement-at-risk-of-failing-a-860038.html
When it comes to publicly urging greater integration, most European leaders aren't to be outdone.
"We need more Europe, not less," says German Chancellor Angela Merkel. "We don't need less Europe, but rather more intelligent integration," contends Luxembourg Prime Minister Jean-Claude Juncker. And French President François Hollande says: "We realize that the euro zone must have a common economic policy."
Herman Van Rompuy appears to take these affirmations literally. At next week's European Union summit, the EU Council President intends to present a bold concept to fundamentally restructure the monetary union.
According to this proposal, the European Commission, the EU's executive, would gain the right not only to recommend amendments to national draft budgets, but also to enforce them. If a government resists, the Brussels-based institution would have the power to impose fines.
When it comes to publicly urging greater integration, most European leaders aren't to be outdone.
"We need more Europe, not less," says German Chancellor Angela Merkel. "We don't need less Europe, but rather more intelligent integration," contends Luxembourg Prime Minister Jean-Claude Juncker. And French President François Hollande says: "We realize that the euro zone must have a common economic policy."
Herman Van Rompuy appears to take these affirmations literally. At next week's European Union summit, the EU Council President intends to present a bold concept to fundamentally restructure the monetary union.
According to this proposal, the European Commission, the EU's executive, would gain the right not only to recommend amendments to national draft budgets, but also to enforce them. If a government resists, the Brussels-based institution would have the power to impose fines.
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You are so right, fear begets irrational thought, it's the only way the GOP has any following other
mother earth
Oct 2012
#51
well, you can only starve, beat, deny opportunity to live, etc to the people but for so long...
xchrom
Oct 2012
#34
Merkel Hides Behind The Troika Report, The Greeks Seethe, And The Drachma Advances
Demeter
Oct 2012
#18
After that will come the Spring EITC payments wherein we subsidize the profits
jtuck004
Oct 2012
#56