EU states frustrated by Paris, Berlin summit deal

seymourfroggs wrote:

The views of the smaller States emphasises the Moral Hazard (”What’s the problem? We’re still going. Why should we show discipline?”).

The Sud-Nord split:

Despite some costs to Northern banks, (and IMO, they would not be major) the PIGS should accept a new Euro (say 80% of par).

Clearly, whatever you like to call it (and I call it corruption) States that are prepared repeatedly to fudge the books must be separated off from the rest. Spain & Portugal would benefit, and good luck.

Feb 05, 2011 1:28pm GMT  --  Report as abuse
pavlaki wrote:

He who pays the piper calls the tune.

Feb 05, 2011 5:38pm GMT  --  Report as abuse
Marcopolo29842 wrote:

Whatever happened to the move to liberalise the regulations on service throughout the EU? I thought this was supposed to be one of the biggest obstacle to growth and saves a lot of other ‘nanny state’ rules.

Feb 05, 2011 5:42pm GMT  --  Report as abuse
 
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