Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Friday, December 2, 2011

BBC News - Merkel tackles euro crisis in Bundestag speech

BBC News - Merkel tackles euro crisis in Bundestag speech:

Merkel giving speech now...


Key points of Sarkozy speech

  • France and Germany will announce proposals on Monday to "guarantee the future of Europe"
  • They agree that there should be a new EU treaty to impose greater financial integration
  • Convergence is the key to solving the eurozone crisis but it will be a long and difficult process.
  • France rejects fiscal union where national budgets would be approved in Brussels
  • The rebuilding of Europe is not a march towards a federal super-state
  • The European Central Bank will remain independent
  • France must end doubts about its ability to repay debts


'via Blog this'
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