Opinion – Reform alone is no solution for the eurozone – Martin Wolf – FT.com – John Gelmini

Fiscal policy

Fiscal policy (Photo credit: Wikipedia)

Dr Alf raises interesting points.

Probably what will happen is a slight loosening of German policy on austerity, more printing of money by everyone else, especially France and great proclamations about how well the EU is doing and more blaming of the present debacle on “Global economic conditions”.

The day of reckoning is coming but not just yet.

The “fiddlers” watching the reincarnation of the “Holy Roman Empire ” have a few more tunes left!

John Gelmini

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: