Thursday, February 24, 2005

Germany Would Pay to Kill Pact Off

A month back we wrote how the EU Stability Pact was effectively dead, but that it was hanging on in a kind of suspended animation as no-one could be found brave enough to pull the trigger and declare it dead.

Now the time has come for the poor Pact to be put out of its misery. Germany has become so frustrated at breaking the Pact four successive times that it is actually prepared to bribe the European Commission to kill it off. The bribe on the table is 0.14% of Germany´s gross national income.

Let´s see if the Commission picks it up.

No comments: