Chancellor Angela Merkel has always rejected a two-track Europe. But with the euro crisis persisting, Berlin is now considering far-reaching new powers for the Euro Group -- to the detriment of the European Commission. (Source: Der Spiegel)
I knew it. I have been writing about it.
Europe cannot work the way it is. They cannot put together the Italians and the Greeks with the Germans and the Dutch. Two different cultures. Two different work ethics. The system has to crumble. And it is crumbling!
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
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