Better or worse but the EU top has the mandate to stop the clock
when they cannot reach an agreement. Nice and effective method. In
US it would perhaps be possibly to reach an agreement that they
have not met an agreement - but will have a schedule to do that in
January. In the meantime all Fiscal Cliff effects may be
postponed.
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EU can stop the clock
Congress is closed on Monday? 4 more days until cliff diving!
Posted by lebow on 9th of Dec 2012 at 08:22 am
Better or worse but the EU top has the mandate to stop the clock when they cannot reach an agreement. Nice and effective method. In US it would perhaps be possibly to reach an agreement that they have not met an agreement - but will have a schedule to do that in January. In the meantime all Fiscal Cliff effects may be postponed.