xjo weekend zoomba lounge, page-235

Looks like the message is finally getting through to the Euro dummies:

http://www.telegraph.co.uk/news/worldnews/europe/eu/8786945/1.75-trillion-deal-to-save-the-euro.html

This deal, if correct would, IMO, effectively signal the start of fiscal integration in Europe, which was always going to be the final piece of the Eurozone jigsaw.

When the architects of the EEC thought up the single market 45 years ago, they knew that the only way to get to fiscal union would be through looking down the barrel of a truly terrifying economic catastrophe. Quite simply, there would be absolutely no political will until such an event occurred that made the alternative even more unpalatable.

I believe that they now realize that this is now IT.