IIEA Membership Details

Prices and Gift Cards

Sign Up to the IIEA Monthly Newsletter

Sitemap Find what you need quickly

Close

Blogs

Is Financial Reform Transforming Europe?

13 Sep 2010
Are politicians about to embark on a “quantum leap” that will “fundamentally change Europe?” Hans-Jürgen Schlamp of Speigel Online thinks so:
 

The new enthusiasm for European solutions arises from sheer fear. "We have seen the abyss, and it has changed us," says Austrian Finance Minister Pröll. He says that no head of government or finance minister can forget the weekend of May 7-9 this year. Greece stood at the brink of bankruptcy and other countries were starting to teeter. A bankruptcy would have dragged down other countries and possibly torn apart the monetary union. Hundreds of billions of euros had to be scraped together overnight to prevent a continental meltdown. "During these hours," says Pröll, "a new European community was born."
 
It's a short article with interesting quotes throughout.
 


As an independent forum, the Institute does not express any opinions of its own. The views expressed in the article are the sole responsibility of the author.


No comments

Post comment

 

Post a Comment

Name
Message
If you register as a user, you will be able to post comments without this CAPTCHA.
Type text into the box
 
Please keep your comments on the topic of the content, and avoid including links to external sites that are off-topic. Comments are moderated; those that are offensive, contain spam or are off-topic will not be published. There may be a delay between comments being submitted and comments being posted due to the moderation process, but we will keep this delay to a minimum. Such a delay does not automatically mean we have ignored or rejected your comment. Our aim is to build a community with online users who are informed and engage in healthy discussion. The IIEA does not accept any responsibility for any statement posted by a member on www.iiea.com. View the full comment guidelines and conditions here.
RSS RSS Feed

Latest Entries

Sort by Theme

Sort by Authors

Sort by Tags

Search Blog Archive