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... neither of them encouraging to the SEuro organized around a group with no fiscal authority. The Latin American example is advancing a monetary union in support of governments pursuing the interests of a wealthy few and a misery for the majority, and of course the US Federal government was a federation with fiscal authority, even if only light used, after a confederation more along EU lines had previously failed.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Sat Sep 21st, 2013 at 11:07:29 PM EST
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