tag:blogger.com,1999:blog-36227136.post1730535431108664530..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Despite much fanfare, the European Commission recommends much of the same for the eurozoneOEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-36227136.post-38510040870824623092013-05-30T14:08:53.847+01:002013-05-30T14:08:53.847+01:00It's more of the same with a different headlin...It's more of the same with a different headline. Bring your budget into line through more tax, less spending, and some structural reform designed to improve competitivity.<br /><br />The real problem is that demand has collapsed in many places for lack of work. The state cannot provide for everything. The Soviets know that. The trick is to reduce state activity, lower the burden on people, and leave money in their hands, so that real demand and economic activity recovers.<br /><br />BelgoBelgnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-29368403805358350702013-05-30T12:27:00.611+01:002013-05-30T12:27:00.611+01:00Meaningless blether. The EU has forced this situat...Meaningless blether. The EU has forced this situation on to its victim states, and is now lecturing on how they could have avoided doing so. What they are saying is: if you want a viable state, don't start from where we have put you.Rollohttps://www.blogger.com/profile/18255460090580758354noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-52159421808051333332013-05-30T11:42:41.815+01:002013-05-30T11:42:41.815+01:00The end of the TALK about austerity or admitting t...The end of the TALK about austerity or admitting they are not getting their house in order is a much better summary of what is happening than what the rest of the media does. EU unable to enforce Maastricht 2.0 or new EZ set up rules prove already as not workable, also being better ones.<br /><br />Extensions longer than the period since the last targets were given also hardly boost confidence. Basically assured that until YE 2017 there will be negative EU headlines all over the place this way.<br /><br />Nothing seriously will happen (might be that somebody throws a bone at the South), these countries simply donot have money.<br />And they probably forget that if the Draghi bluff is called the EU can allow all what they want. Nobody cares when PIIGS CS FB bonds will be dumped.Riknoreply@blogger.com