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Posts Tagged ‘future of Europe’

What Will Really Happen in Europe?

Posted by Larry Doyle on December 5th, 2011 6:44 PM |

Are we really supposed to believe the news released today that German Prime Minister Angela Merkel and French Prime Minister Nicolas Sarkozy favor a meaningful change in the Maastricht Treaty which serves as the basis for the European Union?

Seriously, how many times have we gone down this road hearing that the European heads of state and central bankers have struck a deal to save the EU and the euro?

Didn’t we just hear news of that sort merely a month ago, and now once again all eyes and ears are on the next major European summit to be held later this week? In typical, political fashion, the markets and ministers are front running the summit in an attempt to convey an air of equanimity while pretending that they are about to pull the proverbial rabbit out of the hat.¬† (more…)






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