Up to their same old trick of ‘For Thee, But Not For Me’ (remember, in Old Europe, they do things backwards).
European finance ministers agreed late on Sunday to ease the Growth and Stability Pact rules which eurozone members must abide by.
The new rules will make it easier for eurozone countries to keep their deficits within 3% of national income.
European ministers now have more flexibility over the costs they can exclude when adding up their deficits.
Under the deal, Germany can exclude its reunification costs and France will leave out military and aid spending.
How cute. The two countries that helped start the game are losing and now they want the rules changed. I remember this tactic from my 4th grade dodgeball sessions. I didn’t let them pull it them either.
I am still giving the Euro less than 5 years before it becomes the new Peso.