Debt Adjusted: EU Rebrands Bankruptcy – 20 February 2014

RT logoPatrick L Young is expert in global financial markets working in multiple disciplines, ranging from trading independently to running exchanges.

Even by the acute standards of Euro-buffoonery, a new report beggars belief as the EU seeks to offend nobody but, as always, ends up running from reality.

The terrifying point about EU policy is how often some tiny kernel of idiocy can be written in a report and then find itself doing the equivalent of going viral amongst the Brussels bureaucrats prior to developing into yet another law to add to the burden of paperwork which strangles enterprise throughout the 28 nation, er, free trade zone. The EU is increasingly bound together by red tape as opposed to being free to trade with the much more competitive economies of Asia and elsewhere.

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