This blog is an effort to write- 'AS LITTLE AS POSSIBLE WITHOUT ANY BIAS' on my understanding of the ongoing events across the world and its consequences for the business/ financial cycles as well as for the common man.
Sunday, August 14, 2011
Italy Calls for Euro Bonds; UK Backs Fiscal Union
We had written a few days earlier of EU being a monetary but not a fiscal union. Well Italy just said that they want a fiscal union now and UK backs it....
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