Sunday, October 23, 2011

Epic Fail: #EUSSR Race to the Abyss

They don't do what's necessary, but whatever happens to be possible under a compromise. Case in point: headline: "EZ leaders discussing Greek haircut: Germany wants 60%, France 40%, compromise around 50%, no decision yet" (update). Government by compromize is always weak. The Oyrozone countries are paying the price.