Wednesday, 12 May 2010
Greece Bailout Shows Shift To Supranational Bank Control
Greece’s bailout marks a shift away from national control of budgetary policy.
The European Commission and the IMF hope that a huge bailout package of €750 billion will stanch financial contagion in the eurozone from Greece to other Southern European economies. The announcement sparked recovery yesterday in financial markets. More significant, it marked a fundamental shift in the governance of Europe.
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Source: timesonline.co.uk via Rense.com
The European Commission and the IMF hope that a huge bailout package of €750 billion will stanch financial contagion in the eurozone from Greece to other Southern European economies. The announcement sparked recovery yesterday in financial markets. More significant, it marked a fundamental shift in the governance of Europe.
CONTINUE
Source: timesonline.co.uk via Rense.com
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