Wednesday, June 27, 2012

EU's Most Important Meeting Since It's Founding

"Not only the future of the euro (but also) the future of Europe is at stake... (The summit) is perhaps the most important since the founding of the European Union," Dallara told German weekly Die Zeit, according to a preview of his comments ahead of Thursday's publication.

My comments:

The creation of this "fiscal union" must be read with the enlightening words of wikipedia:

Control over fiscal policy is considered central to national sovereignty, and in the world today there is no substantial fiscal union between independent nations. 

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