The trans-Atlantic order needs an updated and better integrated system of trade and finance, writes Dr. Michael Ivanovitch.
in the first nine months of last year was reported to have billions of euro leaks that required higher taxes and public property sales.
Looking at the French-German chaos, a relatively well run "thrifty four" may be forgiven for playing an overtime budget game. Some of them are tired of the Paris-Berlin diktat, and could be tempted to create a new fiscally virtuous center of power. Or they simply want to see what they are dealing with.
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