Tuesday, January 10, 2012

Testing the EU

I am a published Euro-skeptic and have been skeptical about the EU here and at Current Intelligence many times.  But here's me hoping that the EU finally passes a key test that it might actually have some standards. 

Hungary is asking for a line of credit from the EU, which is really kind of funny: credit involves credibility, but using one's super-majority to up-end existing institutions indicates one is not particularly constrained.  So, will the EU follow its supposed standards and deny Hungary credit at a time where the Hungarian economy is weak but its politicians are in a very strong position?

I would not bet on the EU spine holding up, but I certainly hope it does.  How are the Spew readers betting?

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