eurealist.co.uk

After the EU Commission recently suspended disciplinary procedures for budget deficits against France and Germany, they have decided to pick on the smaller states instead, and are to pursue disciplinary proceedings against Hungary and Greece for breaking the rules underpinning the euro, because the budget deficits of both these countries surpasses the three percent limit set by the EU’s Stability and Growth Pact, as of course does France and Germany’s. But the Commission would not dream of applying the same rules to the big boys, as perhaps they carry to much weight to tangle with.

If this Union is not supposed to be about running the thing for the sole benefit of France and Germany, perhaps spreading an equally amount of pain around a bit more, would help convince doubters that the thing is fair. I do not see any reason for the French and Germany people to be let off from the problems of meeting the Growth and Stability Pact which their own governments insisted on, whilst the Hungarian Greek, the Portuguese and the other governments are having to impose very painful policies on their people to try to meet those same obligations, this only has the effect of allowing a false sense of well-being in the big countries.