Speaking a week before a European Union summit seen as make-or-break for the single currency area, Ms Merkel ruled out issuing common eurozone bonds as a crisis solution, saying that would breach the German constitution. Instead, she called for a mixture of greater European powers to control national budgets, to be enshrined in treaty changes and use of the euro zone rescue fund to stabilize markets and to counter the debt crisis. She called for a long-term approach to tighter fiscal integration in the euro zone, with tougher budget discipline, and expressed her hope the European Banking Authority would act soon to overcapitalize banks. World stocks and European bonds continued to recover on hopes that euro zone leaders may be moving closer to a comprehensive solution to the debt crisis. While the Chancellor has constantly reiterated that she is pushing for incremental treaty changes and her loyalty to other European countries, she again refuted the suggestion that Germany is pushing to dominate the 27-member block. Merkel has consistently tied the future of the European Union to the stability of the common currency zone and vowed that her country was on the right path. Merkel hasn't got years, this crisis can not stumble on for ever and day. For a start, there isn't enough money around to last that long. This is like telling a bloke he has had his leg bitten off by a shark to go home and wait his turn in the queue- he will be dead before his turn comes around. If Merkel wants to save the euro then she has bizarre ideas about how to do it. They aren't going to work.
Access Investments-Building Awareness - European Union-ROMANIA
Friday, December 2, 2011
CRISIS - It can resolved far more quickly. Britain out of the "EU", which will then collapse. Job done.
Speaking a week before a European Union summit seen as make-or-break for the single currency area, Ms Merkel ruled out issuing common eurozone bonds as a crisis solution, saying that would breach the German constitution. Instead, she called for a mixture of greater European powers to control national budgets, to be enshrined in treaty changes and use of the euro zone rescue fund to stabilize markets and to counter the debt crisis. She called for a long-term approach to tighter fiscal integration in the euro zone, with tougher budget discipline, and expressed her hope the European Banking Authority would act soon to overcapitalize banks. World stocks and European bonds continued to recover on hopes that euro zone leaders may be moving closer to a comprehensive solution to the debt crisis. While the Chancellor has constantly reiterated that she is pushing for incremental treaty changes and her loyalty to other European countries, she again refuted the suggestion that Germany is pushing to dominate the 27-member block. Merkel has consistently tied the future of the European Union to the stability of the common currency zone and vowed that her country was on the right path. Merkel hasn't got years, this crisis can not stumble on for ever and day. For a start, there isn't enough money around to last that long. This is like telling a bloke he has had his leg bitten off by a shark to go home and wait his turn in the queue- he will be dead before his turn comes around. If Merkel wants to save the euro then she has bizarre ideas about how to do it. They aren't going to work.
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5 comments:
The only solution to the current euro crisis is full political union.
At present, Sarkozy is speaking of tightening the rules with a new treaty but assuring the French people that they won't sacrifice their sovereignty. So the EZ problem can't be solved.
This is the point: few EU member states want full political union, least of all France.
However, France has benefited hugely from EU membership, not least with the bankrolling of her agriculture through the CAP, so it's no wonder that she likes the EU, but not to the extent of merging her identity.
Have you got opinion poll stats to back the assertion up that the French are in favour of more integration? It's a fact that the French (and the Dutch) voted non to the constitution which was then rebranded as Lisbon. Infact most of the peoples of Europe are at the very least ambivalent about the 'project' and often outright hostile to it. The Irish voted no to Lisbon, were ignored and had to vote again, and the Danes are certainly as Eurosceptic as the Brits so not sure what you mean by the following:
'It seems the fogg cut the little island once again off the mainland....'
The irony of your comment there is actually hilarious because you STILL don't seem to understand that we WANT to be cut off! We should never have been invited to this ridiculous club - we like being left alone up here as we have been for centuries. Historically our role towards our continental cousins has been to sort out your problems - i.e. when one of your countries invades another etc. Other than that we like trading with the rest of the world outside Europe - it's a big world out there you know! :)
Who cares how long it takes to solve the euro debt crisis as long as we can get well and truly out of the E.U. forever. Shame about the French though.
Right! A union of the English speaking people! The Commonwealth plus the USA and Ireland.
Better to be dominated by the good ol' USA than Germany and Europe! Right
Right! A union of the English speaking people! The Commonwealth plus the USA and Ireland.
Better to be dominated by the good ol' USA than Germany and Europe! Right>?
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