petej + eu   169

The bad old days will end: Continent Cut Off.
"Of all the ideas to come out of the 19th century, you would be hard pressed to find one that has resulted in quite so as much human misery as has nationalism."
EU  Europe  veto  treaty  fiscalCompact  UK  CameronDavid  nationalism  internationalism 
december 2011 by petej
BBC News - How will the two speed Europe get into gear?
"I can only add at this stage that, by enshrining in national and international law the need for balanced budgets and near-zero structural deficits, the eurozone has outlawed expansionary fiscal policy.

It has done what the US Republicans would like to do - and if you think about it, it has made what Gordon Brown did, and what Barack Obama (and indeed Wen Jia-bao) is doing illegal.

The result, if it works will be stability. It is hard to see how it promotes long-term growth."
Europe  EU  UK  finance  fiscalCompact  treaty  debt  crisis  Euro  politics  economics  dctagged  dc:creator=MasonPaul 
december 2011 by petej
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