Friday, February 8, 2013

The EU Parliament Rebels

The European Council finally approved an austerity budget after lengthy negotiations, only to have the four main parliamentary groups announce shortly thereafter that they would not vote to approve it. Now what? I don't know. But there's a blizzard here in New England, so I'm going to hunker down for the weekend and ponder the matter by the side of the fire. Somehow this just doesn't have the feel of a real crisis compared to, say, bond defaults or the exit of a member state. This is just the usual Eurosquabble continued by other means.

1 comment:

Heri said...

Finally, the European Council approved an austerity budget after lengthy negotiations, I think it is better if these savings accompanied by a wise policy.