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French deficit to shatter faith in the new fiscal compact

Greece never was any more than the canary in the mineshaft, a mere outrider for much wider and more fundamental problems in the eurozone. The European Commission's latest economic forecasts, which optimistically point to slow recovery from the second half of this year, more than prove the point. As can be seen, the Commission has [...]
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STUDY: Eurozone Fiscal Rules Give Countries The Incentive To Fudge Their Forecasts

Business & Finance : Business Insider: Clusterstock (3 years ago)

One of the ways Europe attempts to rein in budget deficits is by setting uniform fiscal rules with its Stability and Growth Pact. The idea is to hold every country avoid significant fiscal imbalances between countries. Deficits are ... Read Post

Meet The Uber-Kommissar: Germany Expands European Domination Plan; Will Enact European Budget Supervision Panel

Business & Finance : Zero Hedge (3 years ago)

Greece was the beta test. Now Germany, whose plan to enact a European fiscal pact in exchange for soaring Bundesbank and economic support of the PIIGS has so far delayed the inevitable, is seeking wider powers to "supervise" Europea... Read Post

European stocks jump on US jobs data

Business & Finance : Business Report (2 years ago)

European stock markets jumped as strong US jobs data outweighed a gloomy eurozone economic forecast. ||| London - European stock markets jumped Friday as strong US jobs data outweighed a gloomy eurozone economic forecast, and headed... Read Post

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