We All Know How This Ends – Tales Of Fluid, Sovereign Nations
May 18, 2012 § Leave a Comment
Happy Friday, and welcome to the new, new order.
“Federation by exception seems to me not only necessary to make sure we have a solid Economic and Monetary Union, but it might also fit with the very nature of Europe in the long run. I don’t think we will have a big (centralized) EU budget,” Trichet said in a speech before the Peterson Institute of International Economics here.
I’ll take “military aggression” in <5 years, Alex, for +€250BB.
Ex-ECB Chief Trichet Unveils Bold Plan to Save Euro [CNBC]
