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This. If the EuroZone want to be a single currency, it CAN ONLY HAPPEN AND WORK, with political and fiscal union too. Until that point in time, the fiscal imbalances of trade will continually impact the sovereign position of certain countries. Germany is as much to blame here as Greece, as...

What an intellectual response. No comments in support of what Juncker proposes I see. Just a cheap Thumbs Down twice. Oh well, I suppose you can't defend that can you :thumbsup:

Italy is the real problem. Stagnating economy, rising Debt/GDP ratio and much too large to bail-out. The West needs 3 things IMO: 1. Growth stimulus. 2. Tighten up on the tax evasion by the super-rich and international corporations. Forget the imaginary 50% tax of those earning up to say...

Sorry, too much haste ???.... I read that the agreement which the UK had, which was not to be part of any more EuroZone bailouts, is looking like it is going to be torn up, as it's not legally binding. It's just a political agreement.

So a Thumbs Down from Herr Tubthumper. No surprise there. He's obviously happy to see agreements reneged on.. We can agree something, and then change our mind if it suits us. So much for democracy. I suppose in his world, democracy only applies to those who agree with him.

http://www.telegraph.co.uk/finance/economics/11737286/EU-demands-Britain-joins-Greek-rescue-fund.html Sorry, I realise that there is a Greece bailout thread, but this is a separate issue and I thought it warranted a different thread. I read that the agreement which the UK had not to be part...