Fiscal Union Means The United States Of Germany
Published / Last Updated on 01/12/2011
Fiscal Union Means The United States Of Germany.
In an effort to resolve the eurozone’s debt crisis, German Chancellor Angela Merkel has commented that Europe is working towards setting up a “fiscal union”, in effect close integration of the tax-and-spend polices of individual eurozone countries, with Brussels imposing penalties on members that break the rules.
She is to meet French President Nicolas Sarkozy, who has also called for EU treaty changes, stating that the euro could not continue to exist unless eurozone economies pulled together, with France and Germany playing a key role.