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As long as there is no fiscal union you can't simply share the loss between member states. Is as simple as that. We can talk about we and the "EU budget" all ti
by thefounder 8y ago
As long as there is no fiscal union you can't simply share the loss between member states. Is as simple as that. We can talk about we and the "EU budget" all time long but if we want to talk about "our" money and "our" debt the we need some kind of fiscal union. We can't talk about "our" money only when we get bankrupted.
- pjc50 8y agoWithout a fiscal union there should never have been a monetary union.
- RobertoG 8y ago..and many economist warned about it.
- growlist 8y agoAnd politicians - pretty sure I recall that Michael Portillo predicted exactly the sort of problems the euro has been through over recent times.
- thefounder 8y agoYou would think that and here we are.
- RobertoG 8y agoThat's precisely my point. You can't talk about "our" European exterior policy and then, when the time arrive impose a bigger austerity, in part of the population of Europe, causing a bigger and longer crisis that the Great Depression. Never mind Greece previous sins, that would never be done to a German land or a USA state, for instance Ergo, there is not "we". If something, Brussels, has show to be the antagonist to the Greeks (and not only the Greeks).