European Debt Crisis - The Battle for Europe’s Economic Soul

A list of measures EU heads of state will likely sign off on later this week could very well entrench Germany’s strength at the heart of Europe and the weakness of those on the periphery.

The plan involves writing limits on public debt and deficits into national law, more flexible labor markets and a review of wage indexation.

Add to this a battle over corporate tax rates and the new rules could spark further problems down the road, rather than prevent another crisis says CNBC

For more: European Debt Crisis - The Battle for Europe’s Economic Soul - CNBC