Merkel's teutonic summit enshrines Hooverism in EU treaty law
Written by Simon Tilford, 11 December 2011
"The agreement hard-wires pro-cyclical fiscal austerity into the institutional framework of the eurozone, with no quid quo pro to move gradually to debt mutualisation." said Simon Tilford from the CER.
Link to press quote:
http://www.telegraph.co.uk/finance/financialcrisis/8949723/Merkels-Teutonic-summit-enshrines-Hooverism-in-EU-treaty-law.html
