Tuesday, February 15, 2011

Germany Feels Some Push Back as It Grows More Euro-Assertive By STEPHEN CASTLE


''..The goal is to settle on a package of measures by late March, at yet another summit meeting where the bloc hopes to agree on creating a larger bailout fund for the euro’s most vulnerable nations.

Getting there will not be easy.

On corporate tax, Ireland objects to setting up an inner-circle policy-making process for the euro zone, worrying that without Britain — which has retained the pound and serves as a counterweight to France and Germany in wider European Council meetings — it will be forced to raise its own low rate to match the bigger countries on the continent

Others, like Belgium, object to Berlin’s call to sever the link between wages and inflation. Countries outside the euro, including Poland, fret about being relegated to second-class status..''

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