See? Those Europeans aren't as dumb as we thought. They've learned from this experience that what they need is MORE GOVERNMENT and LESS FREEDOM. Progressives (and especially liberal progressives) have an inate understanding that too much freedom is BAAAAD.
Rajoy wants more controls
Calls for new agency to oversee euro zone fiscal policy
June 2, 2012, 2:02 p.m. EDT
Spain proposes central authority for euro zone
By Amy Hoak, MarketWatch
Spain's Prime Minister Mariano Rajoy at a news conference earlier this year.
CHICAGO (MarketWatch) — Spanish Prime Minister Mariano Rajoy on Saturday called for the establishment of a central authority that would oversee and coordinate fiscal policy in the euro zone, according to media reports.
Rajoy said the creation of the authority would be the answer to the European debt crisis and would send a signal to investors that the single currency is irreversible, according to a report from Reuters.
“I have good reasons to say that these problems of the monetary union are going to start to be solved in not very much time.”
Rajoy acknowledged that individual nations would have to cede some of their fiscal independence to such a new authority, according to news reports.
.
.
.
Earlier this week,The Wall Street Journal reported that the International Monetary Fund started talks about a possible rescue loan for Spain.
Just a reminder: The United States is the primary funder of the International Monetary Fund.
More: http://www.marketwatch.com/story/spain-proposes-central-authority-for-euro-zone-2012-06-02
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 