Friday, December 09, 2011

That EU treaty decision

From what I understand the situation ran something like this - the Eurozone countries want to enact tougher fiscal responsibility upon themselves, but want to enact it under the wider EU framework. Which would seem to mean that the EU as a whole would become responsible for monitoring it etc.

As in so much it comes down to differences in emphasis - Although the Euro meltdown is a problem for the EU; it is not the EU's problem. But that is what France and Germany appear to be trying to turn it into while complaining that the UK is interfering with things that aren't its concern.

Yep that's right according to Sarkozy trying to dump the problem from the current Eurozone only ECB system to the wider EU had nothing to do with the other EU members and they should all stay out of it.