Friday 2 December 2016

Brendan Keenan: Fiscal treaty's complex rules may prove the only way to play

Published 02/02/2012 | 05:00

GOLF, I read in one of my Christmas presents, is a simple game with 200 pages of rules. The reason? It is so easy to cheat.

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I am not sure how many pages there are in the new fiscal treaty, but there is no doubt about its purpose -- to prevent cheating.

If there was ever any doubt, the remarkable proposal to have an EU representative have the final say over the fiscal decisions of Greece proves the point. It is, in its own way, a tacit admission that even the all-embracing rules and surveillance systems of fiscal 'union' may not be enough.

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