Treaty will not solve crisis

Germany and France's obsession with the fiscal compact shows that they have misdiagnosed the eurozone's affliction to suit themselves, writes David McWilliams.

4th March, 2012
Treaty will not solve crisis
The problem in Europe is not government deficits, it is that the rest of Europe can't keep up with the industrial might of Germany.

The other day, the cost of filling up our family car rose to €109, and the price of oil is going up and up every month. Looking out on the huge reclamation work going on in front of me at Abu Dhabi's Corniche region (where I am speaking at a conference), I pondered on the vast wealth of this place, where money for public works is no issue because of oil dollars.

Out beyond the...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago