BBC News - How will the two speed Europe get into gear?
december 2011 by petej
"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."
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dc:creator=MasonPaul
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."
december 2011 by petej
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