Euro Area

[Sarmatian]

and i quote (from wiki, but what the hell):
A fiscal union being a transfer union, for precisely the imbalances you note above. What merkel proposes, her "fiskal union", is decidely not a transfer union and thus it will not work!

I'm not familiar with the exact content of what Merkel is proposing, but the point is that euro-sceptic maxim "monetary union must be also a fiscal union" is bollox, pure and simple, and it doesn't exist anywhere in the world.

It's a wonder it managed to stick for so long with eurosceptics (which proves just how uninformed most eurosceptics are, they just need a cool mantra to parrot). Thank god they've changed it to "Ok, it works, but I don't want to pay a single dime to anyone outside my country". Helps their case much more.

http://blogs.telegraph.co.uk/finance...e-first-place/



Are you my family, whom i trust to look after me and mine in ackowlegement of the same commitment in return?
Or are you merely my neighbour?

Nothing. Else. Matters.

Are Scots your family? You weren't against sending them money and they may end up proclaiming independence. Are you in favour of kicking them out because the fact that they are merely considering a referendum shows they aren't really committed to look after you and yours in return?