BBC News: Reports that the Credit Agency Standard and Poor's ( S&P ) has placed Germany and France and 13 Euro Countries on a Credit Watch. At a big two meeting between France and Germany today the leaders decided an Agreement should be made for a tougher treaty either between the 27 States of the EU or the 17 Euro Countries. Lets see if these Eurozone Countries want the Germans to have the ability to NO to local Budget. One can postulate that even the French after Two World Wars might draw the line at having their Budget coming under the VETO power of Berlin. Also will the proud Greeks after fighting in WW2 and going through years of harsh austerity really want Berlin as their Masters. Its really is the 4th Economic Reich folks.
Monday, December 05, 2011
Credit Rating and the Euro
BBC News: Reports that the Credit Agency Standard and Poor's ( S&P ) has placed Germany and France and 13 Euro Countries on a Credit Watch. At a big two meeting between France and Germany today the leaders decided an Agreement should be made for a tougher treaty either between the 27 States of the EU or the 17 Euro Countries. Lets see if these Eurozone Countries want the Germans to have the ability to NO to local Budget. One can postulate that even the French after Two World Wars might draw the line at having their Budget coming under the VETO power of Berlin. Also will the proud Greeks after fighting in WW2 and going through years of harsh austerity really want Berlin as their Masters. Its really is the 4th Economic Reich folks.
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