Merkel's teutonic summit enshrines Hooverism in EU treaty law

Merkel's teutonic summit enshrines Hooverism in EU treaty law

Press quote (The Telegraph)
11 December 2011

"The agreement hard-wires pro-cyclical fiscal austerity into the institutional framework of the eurozone, with no quid quo pro to move gradually to debt mutualisation." said Simon Tilford from the CER.