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| Planned Chaos of Euro Collapse? [Freedoms Phoenix] |
| Monday, 12 December 2011 20:42 | |
 Read more on this subject: Economy - InternationalNews Story Source: dailybell.com EU debt deal may be divisive for Europe ... Heads of state in Europe are congratulating each other for agreeing to a deal that will force fiscal discipline on European Union countries and impose sanctions on those that stray from the budget diktats of EU regulators. But the pact drafted largely by Germany and France and agreed to over dinner and drinks in Brussels must now be sold to average citizens, who are increasingly mistrustful of surrendering national sovereignty to the European Union, analysts said Sunday. The pact, then, could wind up forcing nations to choose between further European integration or disintegration. Leaders of 23 of the EU's 27 nations agreed Friday to be part of a new fiscal union in which they would be sanctioned if they miss preordained targets on spending and borrowing. Britain declined to join the pact, while Czech Republic, Hungary and Sweden said they would have to seek approval from national parliaments. ? USA Today Dominant Soci Read More or Make a Comment Add this page to your favorite Social Bookmarking websites          
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