The 2-day EU summit may have produced some actual movement that at least gestures in the direction of better policy. After tough all-night bargaining, European leaders appeared to salvage what had seemed to be a summit teetering toward failure by agreeing early Friday to use the continent’s bailout fund to funnel money directly to struggling [...]
EU Summit Yields Surprisingly Tangible Results |
| By: David Dayen Friday June 29, 2012 7:01 am |
EU Summit Solution Looks Remote |
| By: David Dayen Wednesday June 27, 2012 6:56 am |
This EU summit scheduled for tomorrow (yes, just add that to the calendar with the Supreme Court ruling and the Holder contempt vote) has all the earmarks of a disaster. First, technocrats released a sovereignty-destroying proposal that would combine all of the worst elements of a fiscal union, not solving the growth imbalance problem while [...]




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