Monday, December 12, 2011

The New EU Fiscal Pact

The Economist has a picture that just about sums up this new attempt at a fiscal policy union by EU policymakers.

Yes, that is horribly macabre, but if the leaders of the EU are going to commit themselves to a one-sided deflationary solution to this crisis, they're going to have to accept the result. Unfortunately, so are we. Thanks for nothing, guys.