Oh, this is going to be a cheerful Monday…
Telegram from Innisfree
Chicago Boyz
1/29/2012
So tomorrow (Monday) morning there’s going to be a new pact signed in Brussels at the EU leaders’ summit which basically wrests more fiscal power away from Greece, and turns it over to a “Eurozone budget commissioner”. Here in Ireland, the current government is going to sign on with the understanding that it won’t need to ratify it with the people (75% of whom are hankering for a vote). According to the Independent, President Higgins can refer it to the Supreme Court for a legal test. I doubt he’ll do it – he’s a Labour man and his party is currently sharing power with Fine Gael. All should make for hours of exciting Eurocrisis soap opera on the radio…
Related: The Hot New Worry in the Eurozone
