Friday, March 02, 2012

Spain and the EU


Telegraph Live - Euro: Just as 25 EU Countries sign a Fiscal Pact, it is reported that Spain will miss the EU deficit target. As Spain hit’s the skids folks, to be followed by other EU Countries, Italy ect, expect this fiscal compact to be dropped, the French left is expected to win the French Presidential Election, the left in France has stated that it wants changes in the new EU Treaty, also the latest from the left, it wants a 75% tax bracket, if that does not send the French economy down the toilet then nothing will, the French left and other liberal left Parties in the EU don’t want to see the real world, they just want to spend, and expect the wealth to pay, the problem is folks it is never the wealthy that pay, but the middle class and poor, that is why the right always comes back, the left destroy while the right create and build.

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