Talk about cutting through the bulls**t, here’s Ambrose Evans-Pritchard writing in the Telegraph about the chances of survival for the EU’s fiscal union…
Repeat after me:
THERE WILL BE NO FISCAL UNION.
THERE WILL BE NO EUROBONDS.
THERE WILL BE NO DEBT POOL.
THERE WILL BE NO EU TREASURY.
THERE WILL BE NO FISCAL TRANSFERS IN PERPETUITY.
THERE WILL BE A STABILITY UNION – OR NO MONETARY UNION.
Get used to it. This is the political reality of Europe, since nothing of importance can be done without Germany. All else is wishful thinking, clutching at straws, and evasion. If this means the euro will shed some members or blow apart – as it almost certainly does – then the rest of the world must prepare for the day.
If you only read one article about the Euro Crisis this weekend, head over and make this that article. Pritchard spits hot fiyah.
Source
… [Trackback]
[…] Here you will find 8151 more Information to that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Read More on to that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Read More Info here to that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Read More Info here on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Read More on on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Read More here on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Find More here on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Read More here on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Find More on on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]
… [Trackback]
[…] Find More on that Topic: thereformedbroker.com/2011/10/01/qotd-ambrose-evans-pritchard-on-the-death-of-the-eu-fiscal-union/ […]