Middle East crisis live: Iran warns of retaliation after Trump says
military targets on Kharg Island ‘obliterated’
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Trump also threatens to hit island’s oil infrastructure if Tehran does not
allow passage for ships via Strait of Hormuz
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Unfortunately this process is going too slowly for markets and too quickly for the politicians and their electorates, according to Aranda-Hassel, who believes the markets are overlooking the fact that fiscal union has two aspects.
ReplyDelete“The first—mutualization of national sovereign risk—is clearly a concern. But, by political necessity, it must evolve behind the second: the transfer of sovereignty from national governments to the federal EU level,” Aranda-Hassel said.