Euro zone gets intl. rescue fund

The fund replaces the temporary mechanism set up in May.

Greece and Ireland have already received some of that money, while investors expect Portugal and Italy to seek help next.

B92

The purpose of the new fund is to help the Euro which is shown to be a failure and not the people. Helping the Euro will only protect bondholders and speculators.

However,one of the pre-conditions of the new fund will be the surrendering of fiscal control from EU nations to EU commission so the EU Empire can move forward.Sly devious and utterly disreputable, the EU ever has been and is.

Ireland,Greece,Portugal,Spain and Italy have an alternative.Ditch the Euro and start again, on a simple free trade agreement, all anyone ever wanted.

Leonidas, the missing component of the Economic and Monetary Union will be filled when the Eurozone countries harmonise fiscal policy. This is a great victory for the Euro!

Olli Rehn, the European Commissioner for Economic and Monetary Affairs recently said “it is time to finally put the 'E' in Economic and Monetary Union”.
(Mircea EU citizen, 17 December 2010 13:01

You confuse harmonization with control of fiscal policy.Are you saying to me that Germany will surrender its fiscal policy to a centralised EU authority?


In order to have control you need a federal europe and this requires political union.The EU hasn't got a mandate for political union.At present more than halfof EU members are against such a move.

Schaeuble also said: "In 10 years we will have a structure that corresponds much stronger to what one describes as political union".

Leonidas, the EU will take measures to achieve a political union.
(Mircea EU citizen, 17 December 2010 16:25

A week is long time in politics let alone ten years.I don't know what will evolve in ten years and neither does Mr Schaeuble.If i were him i would probably
be looking what will happen next month in the Irish elections.Latest reports point to a rejection of the bailout which could have knock on effects on Portugal,Spain and even Italy.If that happens there will be a stampede towards the euro exit door.

The EU will be even stronger in the future. The EU has set up a permanent rescue fund to help Eurozone members who are having difficulty.

Starting in March 2011 the EU will implement the initiative called "The European Semester" which will allow the institutions of the EU to better monitor the economic and budgetary policies of the Member States.

The Euro is a strong and stable currency. More and more countries will adopt the Euro in the future.

The Eurozone will have 17 Member States on 1 January 2011 when Estonia will adopt the Euro.

Also, Lithuania and Latvia plan to adopt the Euro in 2014.
(Mircea EU citizen, 17 December 2010 20:09)

Iam sorry to say that you live in your own delusional world as far as the Eu is concerned.The austerity measures introduced all over Europe will see the end of the single currency.Remember that your own Romania has been living on IMF loans-in fact Romania had 7 loans from the IMF since 1989.

My own prediction is the single currency is toast and the Germans will go their own way.What keeps them still on the EU sinking ship is the fear of their own banks going bust.

Leonidas,

France and Germany agreed that the countries that are part of the Eurozone should harmonise fiscal policy. France and Germany will take measures to align their tax and labour laws. As a result, the countries of the Eurozone will achieve deeper political and economic integration.

Leonidas, the missing component of the Economic and Monetary Union will be filled when the Eurozone countries harmonise fiscal policy. This is a great victory for the Euro!

Olli Rehn, the European Commissioner for Economic and Monetary Affairs recently said “it is time to finally put the 'E' in Economic and Monetary Union”.

Leonidas,

Harmonization of Eurozone tax policy is the first step to achieving a political union.

On 12 December German finance minister Wolfgang Schaeuble said his country is willing to discuss greater harmonization of Eurozone tax policy.

Schaeuble said: "The basic decision was for fiscal and budgetary policy to be decided on the national level. If that is to be changed, then we can talk about it".

Schaeuble also said: "In 10 years we will have a structure that corresponds much stronger to what one describes as political union".

Leonidas, the EU will take measures to achieve a political union.

Leonidas,

The EU will be even stronger in the future. The EU has set up a permanent rescue fund to help Eurozone members who are having difficulty.

Starting in March 2011 the EU will implement the initiative called "The European Semester" which will allow the institutions of the EU to better monitor the economic and budgetary policies of the Member States.

The Euro is a strong and stable currency. More and more countries will adopt the Euro in the future.

The Eurozone will have 17 Member States on 1 January 2011 when Estonia will adopt the Euro.

Also, Lithuania and Latvia plan to adopt the Euro in 2014.

"A week is long time in politics let alone ten years.I don't know what will evolve in ten years and neither does Mr Schaeuble.If i were him i would probably
be looking what will happen next month in the Irish elections.Latest reports point to a rejection of the bailout which could have knock on effects on Portugal,Spain and even Italy.If that happens there will be a stampede towards the euro exit door.
Leonidas

Very true. Yes, even "a week is long time in politics". You can see it with the EU decisions. Some decisions lately celebrated with a lot of hupla as "decisive" victories are undone by the financial markets in 2-3 days.

Leonidas,

France and Germany agreed that the countries that are part of the Eurozone should harmonise fiscal policy. France and Germany will take measures to align their tax and labour laws. As a result, the countries of the Eurozone will achieve deeper political and economic integration.

Leonidas, the missing component of the Economic and Monetary Union will be filled when the Eurozone countries harmonise fiscal policy. This is a great victory for the Euro!

Olli Rehn, the European Commissioner for Economic and Monetary Affairs recently said “it is time to finally put the 'E' in Economic and Monetary Union”.

Leonidas,

The EU will be even stronger in the future. The EU has set up a permanent rescue fund to help Eurozone members who are having difficulty.

Starting in March 2011 the EU will implement the initiative called "The European Semester" which will allow the institutions of the EU to better monitor the economic and budgetary policies of the Member States.

The Euro is a strong and stable currency. More and more countries will adopt the Euro in the future.

The Eurozone will have 17 Member States on 1 January 2011 when Estonia will adopt the Euro.

Also, Lithuania and Latvia plan to adopt the Euro in 2014.

Leonidas,

Harmonization of Eurozone tax policy is the first step to achieving a political union.

On 12 December German finance minister Wolfgang Schaeuble said his country is willing to discuss greater harmonization of Eurozone tax policy.

Schaeuble said: "The basic decision was for fiscal and budgetary policy to be decided on the national level. If that is to be changed, then we can talk about it".

Schaeuble also said: "In 10 years we will have a structure that corresponds much stronger to what one describes as political union".

Leonidas, the EU will take measures to achieve a political union.

The fund replaces the temporary mechanism set up in May.

Greece and Ireland have already received some of that money, while investors expect Portugal and Italy to seek help next.

B92

The purpose of the new fund is to help the Euro which is shown to be a failure and not the people. Helping the Euro will only protect bondholders and speculators.

However,one of the pre-conditions of the new fund will be the surrendering of fiscal control from EU nations to EU commission so the EU Empire can move forward.Sly devious and utterly disreputable, the EU ever has been and is.

Ireland,Greece,Portugal,Spain and Italy have an alternative.Ditch the Euro and start again, on a simple free trade agreement, all anyone ever wanted.

Leonidas, the missing component of the Economic and Monetary Union will be filled when the Eurozone countries harmonise fiscal policy. This is a great victory for the Euro!

Olli Rehn, the European Commissioner for Economic and Monetary Affairs recently said “it is time to finally put the 'E' in Economic and Monetary Union”.
(Mircea EU citizen, 17 December 2010 13:01

You confuse harmonization with control of fiscal policy.Are you saying to me that Germany will surrender its fiscal policy to a centralised EU authority?


In order to have control you need a federal europe and this requires political union.The EU hasn't got a mandate for political union.At present more than halfof EU members are against such a move.

The EU will be even stronger in the future. The EU has set up a permanent rescue fund to help Eurozone members who are having difficulty.

Starting in March 2011 the EU will implement the initiative called "The European Semester" which will allow the institutions of the EU to better monitor the economic and budgetary policies of the Member States.

The Euro is a strong and stable currency. More and more countries will adopt the Euro in the future.

The Eurozone will have 17 Member States on 1 January 2011 when Estonia will adopt the Euro.

Also, Lithuania and Latvia plan to adopt the Euro in 2014.
(Mircea EU citizen, 17 December 2010 20:09)

Iam sorry to say that you live in your own delusional world as far as the Eu is concerned.The austerity measures introduced all over Europe will see the end of the single currency.Remember that your own Romania has been living on IMF loans-in fact Romania had 7 loans from the IMF since 1989.

My own prediction is the single currency is toast and the Germans will go their own way.What keeps them still on the EU sinking ship is the fear of their own banks going bust.

Schaeuble also said: "In 10 years we will have a structure that corresponds much stronger to what one describes as political union".

Leonidas, the EU will take measures to achieve a political union.
(Mircea EU citizen, 17 December 2010 16:25

A week is long time in politics let alone ten years.I don't know what will evolve in ten years and neither does Mr Schaeuble.If i were him i would probably
be looking what will happen next month in the Irish elections.Latest reports point to a rejection of the bailout which could have knock on effects on Portugal,Spain and even Italy.If that happens there will be a stampede towards the euro exit door.

"A week is long time in politics let alone ten years.I don't know what will evolve in ten years and neither does Mr Schaeuble.If i were him i would probably
be looking what will happen next month in the Irish elections.Latest reports point to a rejection of the bailout which could have knock on effects on Portugal,Spain and even Italy.If that happens there will be a stampede towards the euro exit door.
Leonidas

Very true. Yes, even "a week is long time in politics". You can see it with the EU decisions. Some decisions lately celebrated with a lot of hupla as "decisive" victories are undone by the financial markets in 2-3 days.