Monday, January 30, 2012

Czech Republic drops out of Non-EU Treaty/Fiscal Compact

So after five drafts with many more to go, the twenty-seven are now down to twenty-five and the terms get ever weaker.

When the Treaty has no meat nor enforcement powers at all, I wonder if there will still be 12 Euro Group survivors left to bring it into force.

The fact that it has absolutely no relevance whatsoever to the crisis facing Europe as evidenced in Greece, Portugal and Hungary, seems not to have occurred to the EU Council attendees nor their absurd President Van Rompuy at all.

The entire world must either be bemused, in hysterics or scared witless for their own economies!

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