I’ve got a few further comments on last week’s frantic push by the EU leadership to ram through promises of a March treaty change. Before we get started – important to declare that no, it still won’t work. There is simply no way that Germany and France can implement the newly proposed “automatic policy” of debt brakes under the current EU framework. The EU Court of Justice and the EU Commission report to the full Euro Zone, meaning all of its 27 members. The UK, for example, can veto any and all changes to this, so again this is a plan for a plan until someone can explain how we can have a new treaty within the ... (full story)