In a report Wednesday, European Commission President Jean-Claude Juncker for the first time floated the possibility of the bloc handing back some powers to national governments. These could range from Brussels standing down from policing of government financing of companies, for example, to a broader pullback that would essentially strip the EU back to being merely a single market.In other words Greek and Italian banks binging on credit don't have to get bailed out by the hard-working Germans again. My money is on a Northern Europe vs. Southern Europe axis with France and Germany moving closer together. The Brits really seem like they took the rock out of the dam with their Brexit.
Thursday, March 02, 2017
It Seems that the Eurpoean Union isn't Going to Be as Unified Anymore
Hmm, very interesting development post-Brexit.