lundi 22 août 2011

To be perfectly honest the fact that the negotiations regarding guarantees Austria, the Netherlands and a couple of others are asking to fulfill their part of the Greece’s aid package are ending in the Press have more to do with the arm twisting atmosphere going on in some EU summit and official institutions when it comes to “small countries” than it has to do with a deliberate choice. As of the “eurobonds”…. reasonable and serious people don’t want to see more of the Norway kind of event spread,  the working as well as the bottom half of middle class went through tough times to allow their countries to keep their Public Finances healthy and sound, they cannot be asked to go through another row of hardship without a price because some governments in the eurozone made different choices and didn’t want to or couldn’t ask their citizens to accept the spending cuts sound public finances required, not to mention countries deliberately engaged in welfare spending spree regardless of the deficits.

Whether Finland bilateral guarantee agreement should be discussed within the EU institutions may lead to the conclusion that both Finland and Greece have lost their sovereign ability to conclude deals and frankly I can’t see any good right there.

What r urs now on the cross?

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