Quote:
Originally Posted by STEED
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But the EU states are working to pull Germany's rating down, too. The "fiscal
pact" (hahaha, always these pathetic phrases, in German the word "Pakt" for a treaty has a very old-fashioned odor to it) is under heavy fire by attempts to soften up the key issues in it. States do not want to accept automatisms and EU courts (as if these are not already europhile enough) bringing them to courts when violating the debt breaks. States want that only a voting by other states can bring a violater to courts. In other words, since this event is extremly unlikely, they want to sanctions being imposed on anyone, ever.
And the German finance minister is reprted to secretly plan to bypass the debt break Germany alreadsy has implemented into its constitution, becoming valid in some years (in some years, yes, take your time, fellas, there is no need to hurry up...).
This to illustrate where the voyage is going: downwards.
Sun Tzu: he who tries to defend everything, will lose everything.