Epstein Secrets

follow. But, even with only a banking union, the pressure toward political union will grow. With 27 members (28 with the approaching addition of Croatia), EU treaty amendments will be impossible, not only because the United Kingdom continues to resist further European integration, but also because

of the EU treaty's proscription of bailouts for governments; rejection of European economic governance; the ban on direct government financing by the European Central Bank; refusal to support mutual liability for debt; and, finally, the transformation of the ECB from a copy of the old Bundesbank into a European Feder

to follow. But, even with only a banking union, the pressure toward political union will grow. With 27 members (28 with the approaching addition of Croatia), EU treaty amendments will be impossible, not only because the United Kingdom continues to resist further European integration, but also because

y of the EU treaty's proscription of bailouts for governments; rejection of European economic governance; the ban on direct government financing by the European Central Bank; refusal to support EFTA00711886 mutual liability for debt; and, finally, the transformation of the ECB from a copy of the old Bundesbank into a

is close to stalling. In his victory speech after the recent Turkish elections, Prime Minister Recep Tayyip Erdogan did not even mention the EU. Yes, Croatia will probably join the EU in 2013, and that's good news. But Croatians might be forgiven for wondering what exactly they will be joining. Retired pri

rkel's leadership. If we are talking about the European economy and currency, Germany is the indispensable power. Only the combination of Germany and the European Central Bank, working in unison, has a chance of calming the mighty markets. For more than a year now, Merkel has attempted to find the narrow — perhaps nonexist