Euro Zone Fears

The Eurocrats are trying to design a better system for managing the Eurozone – both finding a way to restructure the dodgy debt and evolving a more conservative approach to state financial management in future.

There are many reasons why this is proving very difficult. Some nations favour stronger centralized control, others oppose it. Those who have been disciplined about money are understandably hostile to paying for the sins of those who have been, and in many ways still are, irresponsible, continuing to live too well on borrowed money. [Read more...]