20th EU Crisis Summit - Solutions or more Fudge ?
Today sees the 20th EU summit to deal with the financial crisis which became public news in 2008. Is there any possibility that the seventeen eurozone Nations can find common ground leading to solution rather than more fudge ?
Angela is opposed to pooling EU debt without further EU integration (even then its only a possibility). Francois says must have EU debt pooling before we can consider further EU integration. Spain says Banks must be recapitalised directly from EFSF/ESM and Italy says a policy decision must be found to lessen the Italian debt burden.
Growth "stimulus" seems to be the one area all 17 members agree on and even that's a fudge. The growth money was raised by €10BN to €130BN but had been sitting in the EIB awaiting dispersal anyway for use in infrastructural programmes etc. etc.
Can, Road, Kick come to mind but I may be wrong and our leaders may well at last arrive at solution.
The Barosso and Van Rompuy plan of Banking Union, Fiscal Union and Political Union will be discussed in draft form.
Last edited by ang; 28-06-2012 at 07:37 AM.
Thomas Jefferson : Banking Establishments are More Dangerous to our Liberties than Standing Armies.