DislikedYea, but I think, and will be ashamed if it happens, that our parliament will approve it. Now I trust only to our president that he wont sign.
TIgnored
There are some good things in what the Germans are tying to do, just the way they go about it is all wrong.
Debt to GDP was covered and mandated by Maastricht and everybody, including Germany has been ignoring that. To now only come up with reinforced rules that are already covered by treaty without added cash and measures to overcome the current problem is wonderful as a long term strategy, but it is not doing anything for the problem they are in now.
Limiting spending now, will take any chance of growth away, yes they need austerity and curb unnecessary spending, as the UK is doing, but they need to overcome that debt overhang first and that is not being addressed right now. It is easy for Germany not to worry about the overhang, they can afford it, the periphery can't and not solving that will only mean a lost generation so that Germany can curb inflation.