Tuesday, February 09, 2010
Germany backs Greek bail-out as EU creates 'economic government'
The breakthrough comes as this week's summit of EU leaders in Brussels rapidly evolves from a policy workshop into an historic gathering that may catapult the EU across the Rubicon towards fiscal federalism and a de facto debt union. The EU's top brass are seizing on the crisis to push for a radical extension of EU powers, saying Greece has exposed the deep flaws in the structure of monetary union.
Posted by Fritz at 2/09/2010 10:37:00 PM