07-26-2012, 10:42 PM
Just more empty words.
The ECB can't solve the fiscal integration problems that plague the Euro.
The EU will keep having their worthless summits (19 so far, in the recent series) until some outside force impels a restructuring of the zone, with the loss of the first country to go -- Greece. Then, it will have been proved that countries can exit and improve the lot of "their people." Others are likely to follow, or threaten to follow in order to extract lucre from Germany, if they'll give it at that point.
Something more than ECB promises are necessary. (The ECB promises sound like those of Uncle Ben, when the problem is FISCAL, not monetary.)
VS
The ECB can't solve the fiscal integration problems that plague the Euro.
The EU will keep having their worthless summits (19 so far, in the recent series) until some outside force impels a restructuring of the zone, with the loss of the first country to go -- Greece. Then, it will have been proved that countries can exit and improve the lot of "their people." Others are likely to follow, or threaten to follow in order to extract lucre from Germany, if they'll give it at that point.
Something more than ECB promises are necessary. (The ECB promises sound like those of Uncle Ben, when the problem is FISCAL, not monetary.)
VS