The Phaserl


An Ever Deeper EU to Join the Wall Street Party?

by Anthony Wile, The Daily Bell:

European Commissioner for Employment and Social Affairs László Andor has delivered a historic speech calling for a deeper union. It is at least in part a response to recent Euro-elections that showed the EU electorate is fed up with “Europe.”

In “European Commission endorses Telegraph view of the euro,” Britain’s leading anti-EU journalist Ambrose Evans-Pritchard has responded with astonishment:

… I never thought I would live to see a serving European Commissioner suggest that it was “reckless” to launch the euro without a lender-of-last resort or fiscal union to back it up.

Or that EMU policies have led to a vicious cycle and a catastrophic double-dip recession that is entirely due to the dysfunctional character of the project …

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