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EU nations to sign fiscal compact

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Uploaded by on Jan 30, 2012

EU leaders have agreed on a new treaty designed to stop overspending in the euro zone to help end the bloc's sovereign debt crisis.

But, Britain and the Czech Republic have not signed up to the "fiscal compact" with Petr Necas, the Czech prime minister, citing parliamentary procedural problems.

Jonah Hull reports from Brussels.

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  • Don't worry , it's not the Euro zone in itself,this is a western world issue , North America is in the same boat.

    Governments in the pocket of big business , global business , they're not to worried about the western world,they have their eyes set on Brasil , India , China and the likes.

    Add that population and we mean very little.

    These globalists can't wait to see the west collapse and they'll buy it up for pennies on the dollar , meanwhile making billions overseas.

    Simple math is their motto.

  • @DaxtonVillon Well, I think that we've got to formulate some kind of new way forward, as a union, society, world.. I'd agree with you in spirit there... even (some) folks in business can see the need for some positive development of how business operates, particularly big business (which, as "The Corporation" comments, were much more restricted when they came into being than they have become). I'm pro the kind of democratic system they have in Switzerland (check it out)..

  • @DaxtonVillon Eurozone currency isn't dropping half its value in a week, that's the kind of going to pot I am talking about. I also think that self-determination is a little bit of a myth... even if devaluation is in your own hands, outside forces still dictate effectively how much is enough. The debt as far as I can tell is to funds of capital, built up by various means, from pension funds to the stash that a company like Microsoft, Apple, DuPont.. & China, Saudis...etc.

  • @DaxtonVillon I don't think anyone knows how without causing total chaos for Europe & the rest of the world - even the viable would sustain serious (but most frightening of all, unpredictable) damage. Germany's new DM would go the same way as the Swiss Franc did there a while back (& the Aus $), making their famed export figures collapse, almost all the other eurozone currencies would go to pot.

  • There should be no optimism, not in this kind of situation..

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