Euro plus: give a smile to your currencyPosted: March 25, 2011
The European Council, meeting on the 24th and 25th March, a day after the fall of the Portuguese government and at a time when Europe has a lot to do, is going to adopt a pact for the euro, which reinforce yet again the stabilization fund created last year, in prevision of a more and more likely need of bailout by Lisbon and to, maybe, finally put the crisis behind.
The pact for the euro has been named : Euro Plus Pact (see the name in this official document) and I have to admit that’s catchy !
However, it looks a lot like detergent, cleaning product, toothpaste, … Will Euro Plus clean our national debts whiter than white ? will it prevent cavities ? or bring to our economy its past shine ?