News Archive for August 2011
A new Brussels-based tax- and debt-raising authority – based on a Commission DG, with strong EU Council and Parliament supervision – is likely to emerge from the financial crisis, a key UK economics guru has told EurActiv. Andrew Lilico comments on this and other issues related to the European fiscal integration.
Is it any wonder financial markets are in turmoil? In the US, Britain and Germany, growth is down. The euro is nearing the point of collapse, with some fearing that the EU itself could follow suit. America’s credit rating has been downgraded. Chinese inflation is up.
Andrew Lilico's reaction to the recent turmoil in the markets.