Friday, March 16, 2012

EU Fiscal Treaty ratification doubts

While the MSM made much of Sarkozy improving his poll position vs. Hollande in the first round of votes, the latter is so far ahead in second round polling plans the outcome presently seems in little doubt. The planned changes to the fiskalcompakt could thus make a mockery of the charade presently being played out in the EU, that as constructed this new 25 member international treaty holds the key to the terminal sickness of the common currency.

A report this morning makes this clear, read Reuters from here, which spells out the changes Hollande may impose together with the fact his proposals are gaining support from the left in Spain and Germany. In the latter country's case Der Spiegel  reports other moves might be needed for Merkel to get the measures through even before Hollande's demands are met.



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