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EU & The Hated Euro

"BRUSSELS (AFP) - France, Germany and Portugal are set next year to breach a euro-zone deficit limit, the European Commission warned in its autumn economic report.

Italy could join the trio in the budgetary doghouse in 2005 unless it changes course, the European Union's executive arm warned in the six-monthly report.

The EU's Stability and Growth Pact requires countries to keep their public deficits under 3.0 percent of gross domestic product."

Now our politicians want us to join the Euro & vest fiscal control in these people. I accept that most things are going to be better than having the economy run by Gordon "Tax & Spend" Brown but should we let these people have fiscal control? They can't run their own economies, why should they run ours?


Comments

I can’t believe it, my co-worker just bought a car for $05344. Isn’t that crazy

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