As much as I dislike Cameron in general, he absolutely made the right call here. The EU treaty being discussed is basically a pro-cyclical recession-intensifying suicide pact. It's not a "fiscal union" so much as a really, phenomenally stupid neoclassical set of restrictions on macroeconomic policy tools for member nations. All for the sake of...what? Assuaging the bond markets? Yeah, that worked well.
12/18/11 at 10:03pm