Are the Eurozone’s fiscal rules dying? If so, good - TopicsExpress

Are the Eurozone’s fiscal rules dying? If so, good riddance. The European Commission and European Council have blinked. Reprimanding France and Italy for their transgressions of the fiscal rules was too risky. With face-saving measures, France and Italy will now break the eurozone’s prized fiscal rules. | Read the full post bru.gl/1tc2HNf While unseemly in the eurozone context, this is a good economic outcome. Forcing deeper austerity upon fragile economies is destructive. Yes, sure, the French and the Italians could have better managed the balance between taxes and spending. But fine-tuning those through a collective process is absurd. Let us know if you have any comments! #Italy #France #FiscalRules

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