Re: [P2P-F] Former Goldman Sachs executive as next president of the European Central Bank

Making it more difficult for countries to default, while abolishing indexation, reducing unemployment benefits, etc ... Decided top down, from a european level : http://en.wikipedia.org/wiki/Euro_Plus_Pact * * *"The plan has been criticised for impinging on the sovereignty of countries due to its authority to set policy in areas that were previously under the national."*