As the Guardian notes:
The president of the European Union has warned that the EU could collapse unless the debt crisis that is gripping the region is resolved.
Herman Van Rompuy, president of the European Council, raised the stakes ahead of this evening's showdown talks between finance ministers in Brussels. With Ireland and Portugal both on the brink of seeking a bailout, Van Rompuy warned that there is a serious risk of contagion spreading across the continent.
Contagion?
Banking?
Crisis?
Bail out?
Haven’t we been here before?
How long is it before we:
a) Realise the neoliberal economic model is dead?
b) Start EU wide stimulus policies?
c) Regulate finance, once and for all?
Can we afford to put this off again?
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Hi Richard,
It seems that the auditors that you so complain about that just sign off company accounts willy-nilly, have refused to sign off on the EU’s accounts for the 16th consecutive year. Any idea what they are seeing?
@Noel Scoper
Are you sure it’s the same auditors?
The public sector auditors do these things somewhat better than the private sector
Valuable lesson there, I think
“Valuable lesson there, I think”
Yep, if even your own internal auditors think your accounts are crap, you have a problem. If they do it 16 years in a row and you don’t fix it, you really are a basket case!
@Noel Scoper
Or maybe the auditors are doing a grand job in pointing out that people try to abuse government
This is just posturing. Rompuy is after tax raising powers. The worst that could happen is that the Euro gets canned, but there is too much political capital invested in it so it won’t happen.