Pension reforms for instance. Many nations, including Denmark, have postponed the date and made it more self-financing. An aging population would have made such reforms necessary anyway.
Great, they enacted pension reforms. How does that save the euro?
I didn’t say it did. I said it’d strengthen Europe over time. Which it will. It’ll also help the Euro short term by ensuring investors that Europe has credible long-term plans. More important than one or two years of deficits are the long term prospects.
Meanwhile, Greece still doesn’t have a new PM, Italy’s seen it’s bond rates go past 7% and the Guardian is now reporting that France and Germany are now considering breaking up the Euro zone.
Well I guess we’re finding out the question posed by the OP a little earlier than expected.
oh dear…things are unravelling badly. Of course the response from Angela Merkel is to suggest that, of course, the answer to the troubles is closer European integration.
:smack: why yes…that’ll work.
Anyhow, does anyone fancy setting up a similar thread to cover the Italian situation? We need the space to give Silvio the treatment he deserves but buried at the end of a 3 page thread on Greece is not the place.
I haven’t got the time to give such a a thread the upkeep it deserves but I’d love to get a few digs in at Berlusconi.
In a democracy you get the leaders you deserve. Which must mean that the Italians and Berlusconi deserve each other.