Via Note from Her Majesty’s Treasury on EMU (Novembre 1989): The European Council agreed at its meeting in Madrid in June to launch the first Stage of economic and monetary union (EMU) on 1 July 1990. The Council also confirmed the objective of the progressive realisation of EMU but did not […]
Read MorePost Tagged with: "euro"
Budget powers for the EU?
Via Cameron tells Merkel he would veto transfer of budget powers to EU – Times Online: David Cameron gave a blunt warning to Angela Merkel today that he would veto any attempt to reopen the Lisbon treaty to give the EU more power over national budgets. Standing alongside the German Chancellor, […]
Read MoreBritish taxpayers ordered to bail out euro – Telegraph
Via British taxpayers ordered to bail out euro – Telegraph: All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system. And the […]
Read MoreAre Germans giving up on the euro :: Ambrose Evans-Pritchard
Excessively dramatic? Mr Fischer now thinks monetary union is beyond saving. A massive rescue will be needed. It will not be forthcoming. German-French relations are the worst since the war, he said. The European insitutions have lost virtually all authority in this crisis. The half-century Project is collapsing. .. or […]
Read MoreBritain’s bankers plumb new depths – Times Online
Via Britain’s bankers plumb new depths – Times Online : Jon Moulton, the private equity chief, warned a City lunch this week that he feared serious civil unrest. There was, he said, a 25 per cent chance of one of the 15 member countries of the eurozone pulling out of the currency […]
Read MoreTelegraph: So much for tirades against American greed
Ambrose Evans-Pritchard on the prospects for the European Union as the crisis develops: The euro fathers did not dispute that the euro might not survive a crisis, but they saw EMU as an instrument to force the pace of political union. They welcomed the idea of a “beneficial crisis”. As […]
Read More
