But today, the meeting's chairman, Prime Minister Bettino Craxi of
A spokesman for Prime Minister Margaret Thatcher of
''The European Community is alive and in the final phase of its completion,'' Prime Minister Wilfried Martens of
Back then, the Greek bluff succeeded:
agreed on a $4.4 billion package of new subsidies and loans for
What do I think?
All the Southern European countries simply cheated ("massaged" the countries' data) so they could get into the EU and borrow at the low Germany's rates of the moment to start programs that otherwise they could not afford. And now they are in trouble.
This is one of the main reasons Spain, Portugal, Greece, and Italy are in disarray.
More details in The Peter Dag Portfolio on www.peterdag.com
George Dagnino, PhD
The Peter Dag portfolio
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