I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
According to the article there is still opposition from Germany on bailing out Greece while UK is reluctant to become part of the EU; it has been proposed that the EU needs more power to avoid situations like what is happening in Greece therefore the concept of an European Monetary Fund is on the table...the fact that total consolidation of all EU states has not been reached is making EMF a possibility to be considered: power to set standards, investigate and even put caps...Th question to be asked is: what would be the impact of creating such institution in the EU and for USA?
According to the article there is still opposition from Germany on bailing out Greece while UK is reluctant to become part of the EU; it has been proposed that the EU needs more power to avoid situations like what is happening in Greece therefore the concept of an European Monetary Fund is on the table...the fact that total consolidation of all EU states has not been reached is making EMF a possibility to be considered: power to set standards, investigate and even put caps...Th question to be asked is: what would be the impact of creating such institution in the EU and for USA?
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