home | Articles -- Free Samples | The European Union’s Ultimate . . .

The European Union's Ultimate Sanction Against Member Nations, as Seen in "Blazing Saddles"

Gary North
Printer-Friendly Format

May 18, 2010

The European Union is unwilling the enforce the 3% rule: the ratio of the annual fiscal deficit in relation to a nation's gross domestic product.

What if nations persist in running double-digit deficits? The EU can expel them from the European Monetary Union.

To assess the relevance of this threat, view this video. Think of the European Union as the sheriff.

Printer-Friendly Format