Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Merkel says Europe set to launch 'fiscal union'

World Dec. 03, 2011 - 06:38AM JST ( 5 )

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

0

Antonios_MDec. 03, 2011 - 11:45AM JST

Nice photo! Merkel and Sarkozy seem so close to each other.... Too bad that European member states were never so close but followed different fiscal policies. Well, better late than never.
-3

WilliBDec. 03, 2011 - 01:36PM JST

The photo needs a caption bubble over Sarkozy´s head: "I am so happy. I finally impregnated her with the Euro. And at my age!"
0

SerranoDec. 03, 2011 - 10:19PM JST

WilliB - Har!
0

hatsoffDec. 04, 2011 - 02:15AM JST

Need to get out of this mess of course, but in the longer term this will mean Germany and France dictating domestic financial policy to the Euro currency states.
0

WilliBDec. 04, 2011 - 02:39AM JST

Of course no PIIG country is willing to get under Brussels dictatorship for their finances. It is simple. The moment Germany stops paying, the Euro is done with.

Even Jacques Delors, architect of the Euro, now admits that the project was doomed to fail from the start:

http://www.telegraph.co.uk/finance/financialcrisis/8932647/Euro-doomed-from-start-says-Jacques-Delors.html

As willing as Germany is to pay, there is a limit for everything.