Cable Forum - View Single Post

**Chris** · 22-06-2012, 15:03

It is. But as fiscal union effectively means Germany guaranteeing everyone's debts, Germany is calling the shots. Germany will not go for FU as the first step; it sees it as a desirable end goal. FU without first reforming the member economies and instilling them with German-style budgetary discipline is anathema to them - they see it as much the same as handing your credit card and PIN number to your teenage daughter so she can go shopping with her pals.

22-06-2012, 15:03	#892
Chris Trollsplatter Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 38,262	Re: Eurozone will collapse... It is. But as fiscal union effectively means Germany guaranteeing everyone's debts, Germany is calling the shots. Germany will not go for FU as the first step; it sees it as a desirable end goal. FU without first reforming the member economies and instilling them with German-style budgetary discipline is anathema to them - they see it as much the same as handing your credit card and PIN number to your teenage daughter so she can go shopping with her pals.