02-03-2012, 12:15
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#582
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,661
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Re: Eurozone will collapse...
http://www.bbc.co.uk/news/world-europe-17230760
Quote:
All but two of the EU's 27 leaders have signed a new treaty to enforce budget discipline within the bloc.
The "fiscal compact" aims to prevent the 17 eurozone states running up huge debts like those which sparked the Greek, Irish and Portuguese bailouts.
To take effect, the pact must be ratified by 12 eurozone states.
UK Prime Minister David Cameron, who with the Czechs refused to sign, said his proposals for cutting red tape and promoting business had been ignored.
But the newly re-appointed President of the European Council, Herman Van Rompuy, said British calls to boost the EU economy were being taken seriously and he had sought to re-draft the summit's conclusions accordingly
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Well we shall see.
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“The only lesson you can learn from history is that it repeats itself”
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