European Debt Crisis
European leaders have begun to discuss options for moving forward with a process called “enhanced cooperation,” in which nine or more members of the EU agree to work on a proposal together, to bring a trans-European financial transactions tax to fruition. Vocal supporters for this process include German Chancellor Angela Markel, Austrian Finance Minister Maria Fekter, and leaders in France, Italy, Spain, Greece, and Poland.
This is a take on the debt crisis in a finite world written by our friends at the Center for the Advancement of the Steady State Economy. For the Capital Institute perspective, check out What's Wrong With the Debt Debate