12-05-2011, 11:21 PM
http://money.cnn.com/2011/12/04/news/int...?hpt=hp_t1
In the wake of the deepening debt crisis, European leaders will meet for another summit to discuss ways of addressing the problem; and this time they are talking about rewriting EU treaties, one of the major points being to establish fiscal union.
The overarching idea is to begin building a fiscal union that will correct flaws within the EU, which has a common currency and shared monetary policy, but no mechanism to ensure that all members are financially sound. The key players -- Germany, France and the European Central Bank -- all broached the subject last week, saying closer political and economic ties are needed to ensure the future of a unified Europe.
What do you think of the idea? Will it succeed or fail in shaping up the euro?
In the wake of the deepening debt crisis, European leaders will meet for another summit to discuss ways of addressing the problem; and this time they are talking about rewriting EU treaties, one of the major points being to establish fiscal union.
The overarching idea is to begin building a fiscal union that will correct flaws within the EU, which has a common currency and shared monetary policy, but no mechanism to ensure that all members are financially sound. The key players -- Germany, France and the European Central Bank -- all broached the subject last week, saying closer political and economic ties are needed to ensure the future of a unified Europe.
What do you think of the idea? Will it succeed or fail in shaping up the euro?
PS. If you can, try your hand at giving some of the others a bit of feedback. If you already have, thanks, can you do some more?