[lbo-talk] A German Europe

Doug Henwood dhenwood at panix.com
Sat Dec 10 10:35:27 PST 2011

On Dec 10, 2011, at 1:29 PM, James Heartfield wrote:

> ‘The proposal would be a formalization of banker rule over the eurozone’ – maybe you are under the illusion that the Eurozone is a socialist paradise, where banks have no sway? Merkel’s proposal is a centralised brake on all public spending, and oversight of national budgets to achieve that.

Where ever did you get the idea that I think that the EZ is a socialist paradise? I said "formalization" because it would consolidate a less formal practice into law.


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