Wednesday, December 14, 2011

Crumbling of Comprehensive Solution No. 4; Treaty "Legally Doubtful"; Cracks and Splinters Everywhere; Repeated "Pet Lies" by EC President Van Rompuy

"German Chancellor Merkel and French President Sarkozy did their best to portray the results of the treaty as 26-1, Isolating the UK. Actual results are vastly different.

Everywhere you look there are splinters and cracks, even in France and Germany. Here is one I just came across: France says not planning budget rule vote for now
France will not schedule a bicameral parliamentary vote for a constitutional budget-balancing rule while the opposition Socialist Party remains opposed to the idea, government spokeswoman Valerie Pecresse said on Wednesday.

"There can be no question of holding a vote unless the opposition changes its position," Pecresse a news briefing after a weekly cabinet meeting.

Sarkozy's efforts to get a fiscal rule enshrined in the constitution have been thwarted by left-wing opposition, but he and German Chancellor Angela Merkel said on Monday they would seek EU backing by March to have such clauses put into law across the euro zone..."
at  http://globaleconomicanalysis.blogspot.com/2011/12/crumbling-of-comprehensive-solution-no.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29