The main question regarding E.U. reforms oriented to preventing state governments from being overburdened with debt has been stated by Stephen Castle of The New York Times as follows: “Is the euro more in need of Germanic fiscal stability or the growth and stimulus policies that France traditionally champions?”[1] I contend that there are bigger fish to fry that unfortunately have gone largely unnoticed.
The full essay is at "Essays on the E.U. Political Economy," available at Amazon.
1. Stephen Castle, “In Debt Crisis,Reminders of Disputes in Euro’s Founding,” New York Times, August 18, 2011. See also Nathalie Boschat and Gabriele Parussini, “France, Germany Push for Sanctions,” Wall Street Journal, August 18, 2011.
