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<blockquote data-quote="klein" data-source="post: 760233" data-attributes="member: 23950"><p>+1 (mostly because american elected parties didn't want to lose votes and become unpopular, by attacking the deficit, and making rather hard decisions).</p><p> </p><p>That's another thing that Europe has an advantage on.</p><p>Because countries on their own have very little to say when it comes to fiscal responsibilty.</p><p>It's mostly dictated right out of Brussels, in a combined vote from all EU members.</p><p>(Interest rates, mortgage rates, even GDP to debt ratio, and much more).</p></blockquote><p></p>
[QUOTE="klein, post: 760233, member: 23950"] +1 (mostly because american elected parties didn't want to lose votes and become unpopular, by attacking the deficit, and making rather hard decisions). That's another thing that Europe has an advantage on. Because countries on their own have very little to say when it comes to fiscal responsibilty. It's mostly dictated right out of Brussels, in a combined vote from all EU members. (Interest rates, mortgage rates, even GDP to debt ratio, and much more). [/QUOTE]
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