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Sunday, April 01, 2012

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Marga Ross

In Spain the constitution was recently changed on the requirement of the EU to incorporate a clause making repayment of government debt the absolute priority of any government, over any other use of government funds. Apparently as the price of leaving elected government in place and avoiding intervention. The same change is to be required across Europe, though few countries seem to have been forced to do so for the moment and others have not volunteered. While I was highly impressed by the Icelandic stance, I do not see how it can either (a) survive the country's entry into this kind of Europe and (b) imagine how it can be translated to any other country currently a member of the EU. Having no expertise at all in these matters I would like to hear the views of others who have.

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