Tightening Europe's screws

EU policymakers have no credible plan to fix the flaws of the eurozone – instead, they have decided to simply try harder with a pact whose failures have been persistent and predictable.

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Tim Bullen,

Even the architects of the euro project admitted its fatal flaw...that without a fiscal union, the project would fail.
Now we have a torrent of "sky is falling, end of world" commentary which greatly overstates the dangers ahead... Europe has survived millenia of war, destruction, chaos and revolution. It will surely survive this flawed monetary experiment (Tightening Europe's screws, December 14).

Angus Fruit,

Ah, nice sentiment, Tim Bullen. As the promoters of the Titanic said, 99.9 per cent of international cruise liners successfully complete their journey. Of course, didn't help you much if you were on it! (Tightening Europe's screws, December 14.)

Lloyd Taylor,

Welcome to the new European austerity in a slow growth world (Tightening Europe's screws, December 14). The remaining question is whether the citizens of Europe will accept the bitter Germanic medicine for any length of time? I doubt it, in which case it's goodbye to the eurozone within a couple of years.