Kasz216 on 16 August 2011
| non-gravity said: "Under Germany’s plans for a legal budget limit, countries whose national debt stood at over 60 per cent of their economic output would be asked to wipe five per cent off their debt every year. Countries falling under this so-called “golden rule” would include Ireland and Italy." This is not gonna happen I also don't think an "economic government" led by heads of government that come together twice a year would help in any way. And last: forcing all eurozone countries to have a balanced budget didn't work when France and Germany together ignored the Stability Pact around 2003 or so, so I dunno. |
It does seem shockingly drastic. It makes the cuts American's are fighting over look like silly in comparison.
