April 13, 2005

dieing twitches of the Growth and Stupidity Pact

The dieing twitches of the Growth and Stupidity Pact are in evidence as commision threatens Itally about its coming deficit, whilst letting Greece off for running a deficit. Will this make the Italians change any of their policies? Of course not they know the commision can do nothing so they have no reason to. However if Italy where not in the Euro it would be able to set it's own interest rates and so have a better control over it's economy meaning it might not need a high deficit.

0 Comments:

Post a Comment

<< Home