A Two Monetary Union Solution to Problems in the EMU | 81 comments (81 topical, editorial, 0 hidden)

Re: The Dominos of EMUs collapse (4.00 / 2)

Now the rejects has 68 votes on the Council, needing just 25 more to stop any proposal.

You cannot have Greece, Spain and Italy out of the Euro and Portugal in. And you need to count Cyprus too.

That means the Mediterranean block has:

5 member states
23.95% votes
25.5% population

Blocking minorities are:

15 or 10 states
26% votes
38% population

It is really close on votes.

In the Neurozone, there can be only one.

by Migeru (migeru at eurotrib dot com) on Tue Sep 24th, 2013 at 03:34:29 PM EST
[ Parent ]

Re: The Dominos of EMUs collapse (4.00 / 2)

Migeru:

You cannot have Greece, Spain and Italy out of the Euro and Portugal in. And you need to count Cyprus too.

I went by countries with political movements anti austerity, but yes that sounds reasonable.

And it would give Bulgaria and all other countries that are larger then that a free veto when the Mediterranean block is opposed.

Courtesy of the German government there is a Majority Calculator. Playing around, the only real effect of the population limit is if Germany and France and one more of UK, Italy and Spain are opposed to something. Otherwise I can't find any combination where it matters. So that one can be ignored unless Germany and France consists the nucleus of the blocking minority.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Tue Sep 24th, 2013 at 03:54:32 PM EST
[ Parent ]

France and the blocking minority (4.00 / 2)

Eurointelligence - Professional: Germany, the day after (September 24, 2013)

Angela Merkel is expected to dominate European politics. "Chief of Europe" reads the title on the front page of Le Monde. The French government lost any appetite to take initiative in Europe or even to oppose Merkel, writes Cecile Cornudet in Les Echos. Francois Hollande did not pick up on the German elections concentrating on the European elections next May instead. His earlier push for a Eurozone government has fallen off the agenda with Merkel's victory. Instead under the new theme "reorienting Europe" Hollande sets his accent on employment, just like he promised in his election campaign.
On the last point: Fear of Germany used to be the reason why France wanted a strong Europe. Now fear of Germany is what slows down European integration. The reason is that the European integration on offer is German-dominated.

In the Neurozone, there can be only one.

by Migeru (migeru at eurotrib dot com) on Tue Sep 24th, 2013 at 04:01:49 PM EST
[ Parent ]

Re: The Dominos of EMUs collapse (none / 0)

Migeru:
You cannot have Greece, Spain and Italy out of the Euro and Portugal in. And you need to count Cyprus too.
I went by countries with political movements anti austerity, but yes that sounds reasonable.

Portugal has que se lixe a Troika!

In the Neurozone, there can be only one.

by Migeru (migeru at eurotrib dot com) on Tue Sep 24th, 2013 at 04:05:29 PM EST
[ Parent ]

Re: The Dominos of EMUs collapse (none / 0)

And you need to count Cyprus too.

And Malta is likely to go along as well. What would Ireland and Belgium be likely to do in such a situation?

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Sep 24th, 2013 at 11:59:25 PM EST
[ Parent ]

Re: The Dominos of EMUs collapse (none / 0)

Malta is not in so much trouble as Slovenia right now, though there have been rumblings.

In the Neurozone, there can be only one.

by Migeru (migeru at eurotrib dot com) on Wed Sep 25th, 2013 at 02:30:53 AM EST
[ Parent ]

Re: The Dominos of EMUs collapse (none / 0)

What I meant was that, were all the other Mediterranean to belong to the Seuro, it might make sense for Malta to join. Neuros would go a long way in Malta then for tourists while Italians, if members of the Seruo, would not suddenly find it too expensive to visit or trade with.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Sep 25th, 2013 at 11:10:21 AM EST
[ Parent ]

A Two Monetary Union Solution to Problems in the EMU | 81 comments (81 topical, 0 editorial, 0 hidden)

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