| Topic Name: |
Question For A Currency Expert |
| Message Name: |
MJ |
| Date Posted: |
11/26/2003 |
| In Reply To: |
Le Monde has been pissing itself over all the noise coming from the EuroZone about Germany and France slowly destroying the growth and stability pact. Why are the EU panties in such tight twists? The pact has done nothing good for anyone. The financial markets have not reacted to its slow demise at all. What's the big deal? Is this just a Euro-crat thing or am I missing something? |
| Message: |
Firstly, IMHO, stop reading Le monde, it's crap.
Secondly, it's not the pact in itself. the fact is that some years ago, France and its fellow Germany, the 2 most stupid and arrogant governments (not their people of course) applied literally the pact to fine portugal. Now, they are telling us that they don't give a shit about it. They are saying that not everyone is created egual. there are the (decaying) nobles and the serves. They make their own rules and and break the law (because the pact is a law) and then complain that berlusconi does the same.
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