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Friday, August 19, 2011

A very different kind of tea party

Angela Merkel and Nicolas Sarkozy’s pledge on Monday to save the euro, with the help of some cosmetic distractions, called economic policies, certainly haven’t won over the markets this week, nor Europe’s people nor their fellow EU leaders.

Last night, on Polish TV channel Polsat, Poland’s Finance Minister Jan Vincent-Rostowski, who also holds the rotating chair of the EU’s council of finance ministers, expressed his feelings about one of the proposals to come out of the meeting (for the eurogroup to meet separately under the lead of Council President Herman Van Rompuy):
“They’ll meet twice a year, have a little coffee and call this an economic government”
A vote of confidence then?

1 comment:

Anonymous said...

When the term 'economic government' gradually becomes accepted, they will drop the word 'economic', leaving just 'government'.

The word 'economic' is superfluous, but they think it makes people think that 'economic government' is somehow different to 'government' so for now, they keep it.