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Europe
Germany backs Greek bail-out as EU creates 'economic government'
2010-02-10
Posted by:tipper

#3  Things don't go well for the Germans when they bail folks out over Greece. You'd think they'd learn. Paying for EUrope won't work out much better than last time.
Posted by: Nimble Spemble   2010-02-10 20:26  

#2  catapult the EU across the Rubicon towards fiscal federalism and a de facto debt union. The EU's top brass are seizing on the crisis to push for a radical extension of EU powers, saying Greece has exposed the deep flaws in the structure of monetary union.

You can't have monetary union without fiscal union.
Posted by: phil_b   2010-02-10 18:34  

#1  "He who controls the Spice controls the universe."
Posted by: Anonymoose   2010-02-10 13:29  

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