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Rajoy

Hare Markets vs Tortoise Legislatures, No Matter What European Summits Decide

It's all somewhat worrying when financial items in much of the world's media refer to "ESM bailout funds" as if the European Stability Mechanism were already well established and operating in Luxembourg. Initially hoped to be up and running by July 2012 after a final draft was agreed by Eurozone leaders in Brussels on 02 February 2012, the ratification process, progressing fairly well up to the Netherland's Queen Beatrix granting Royal Assent on 05 July with formal endorsement on...
Merkel

Chancellor Merkel's 'Defeat'? Methinks the Lady is Still in Charge

With an agreement being reached in the early hours of Friday, 29 June 2012 at the European Summit in Brussels over the Euro Crisis, my Mystic Meg clairvoyant award was cancelled. Don't care, I wasn't alone in getting the outcome - little or no change with platitudes - so very wrong. Typical of reporters was Ian Chua for Reuters in Sydney filing a report at just past midnight on Friday morning:
Hollande

Renegotiating is NOT an Option Mr Hollande

On Wednesday 27 June 2012, French President François Hollande met German Chancellor Angela Merkel for preliminary talks prior to Thursday's, yet another "crucial", European Union meeting to try to further resolve the crisis in the Eurozone. The political leaders of France and Germany, so recently partners in agreement on the best way forward for the single currency are, effectively, now poles apart in their approach to the crisis and its solution.
Merkel

Ireland's 'Yes' on Austerity Referendum and Angela Merkel's 'More Europe Not Less'

On 31 May 2012 Ireland held a referendum - the only country to do so - as to whether or not its Government should ratify the Stability Treaty signed by 25 of the 27 European Union (EU) Member States in December 2011 and due to come into effect on 01 January 2013. This is the Treaty which Prime Minister David Cameron representing the UK famously refused to sign, along with the Czech Republic.
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