The current proposal put forward by Sarkozy and Merkel is as useless as each of the last have...

|By:, SA News Editor

The current proposal put forward by Sarkozy and Merkel is as useless as each of the last have been, and reeks of centralized government, says MarketWatch contributor Jon Markman. It amounts to a "fiscal KGB in Brussels" that will beat up on euro zone countries that break budget ranks. The very idea that countries ranging from Finland to Slovakia are willing to give up any more of their sovereign rights to technocrats in a organization that has failed so miserably, Markman says, is just fallacy.