Could Italy be forced out of the eurozone? October 4, 2006
Posted by johnwyles in John Wyles, Uncategorized.add a comment
The state of the Italian economy clearly leaves a lot to be desired and the extent to which the left-wing parties in Romano Prodi’s coalition have vetoed substantial public spending cuts in the draft 2007 budget does nothing to inspire confidence that urgent remedies are on the way. Nonetheless, the constant drumbeat from mainly British commentators anticipating
Italy’s withdrawal from the eurozone testifies more to wishful thinking than political and economic common sense.
Cresson “punished” July 11, 2006
Posted by johnwyles in EU, John Wyles.add a comment
Eyebrows shot sky high in Brussels today when the Court of First Instance – the arm of the European Court of Justice that deals with cases involving EU employees – found that Edith Cresson had “acted in breach of her obligations as a European Commissioner” but refrained from imposing a punishment.
