Drahgi believes in the “importance of each country sticking to its commitments under the stability and growth pact “and that this should now be beyond debate”. He would like to go further by saying that in matter economic “sovereignty should be exercised jointly” – what a great line!! What are the things that could do with harmonisation?
1. Actual interest rates
2. Rates of business taxation
3. Minimum wages and hours of work
4. Actual spending limits (properly enforced)
Living in Harmony