> ... the Greek government must produce a report in
> March on how it intends to reduce its deficit.
This has always been the biggest threat to the Euro,
that one or two member nations would inflate the
money supply to their benefit, and devalue the Euro
at the expense of all the other countries.
And the control mechanism looks very much like
cat herding. Would we expect anything else from
this loose association of weasels and whiners?
Heh... yeah, I agree wholeheartedly. The inevitable cheating will be used as yet another good reason for the surrender of national sovereignty. Heads I win, tails you lose.