A Banker's view of the euro crisis.

[gordonrussell]

Thomas Mayer of Deutsche Bank talks of a solution with " a high degree of labour market flexibility " and a ' belated ' comprehensive labour market reforms, in Italy's case this March their government will launch such a labour market reform " attacking the employment rigidities and labour rigidities in that country ."
He said the Spanish government a few weeks ago passed such a reform .
He then draws an analogy to a possible EU developing similar to the States in the 19th century.
[web]https://news.bbc.co.uk/today/hi/today/ne ... 699352.stm[/web]

May be worth watching the writing on the technocratic wall .