Inquiring minds are reading “Towards a Genuine Economic and Monetary Union” by the gang of four nannycrats: European commission president Herman Van Rompuy, ECB president Mario Draghi, José Manuel Barroso of the European commission, and Jean-Claude Juncker, the leader of the 17-country eurogroup.
Don’t expect any details. There aren’t any. Instead the document consists of a wish list wrapped in a wordy package that says virtually nothing. Continue reading