Thursday 26 April 2012

The penny drops?

But is it too late?  The stupidity of the European Commission never fails to depress me.  The EC is angling for a 7% budget increase next year.  You couldn't make it up!

http://www.telegraph.co.uk/finance/financialcrisis/9226543/Brussels-to-relax-3pc-fiscal-targets-as-revolt-spreads.html

See also:

http://www.telegraph.co.uk/finance/financialcrisis/9225880/ECB-chief-Mario-Draghi-calls-for-euro-growth-compact.html


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