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Tuesday, 19 June 2012

Fiscal union at what expense?

A Merkel wants to push Europe towards full integration and fiscal union but at huge expense to the people of most of the country states that would agree this.

It makes no sense to have parts of Europe where salaries, pensions and other benefits will be 50% lower? How can anyone justify that?

A truly united Europe would have to harmonise upwards not downwards. How would the USA cope if the law in New York meant that a worker had to work 36 hours a week and get $500 whilst the worker in Atlanta doing the same job would work 48 hours and get $200 it would not be acceptable but that is what the Merkel school of Euro economics says we should do in this united Europe of German Republics??

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