Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Reportedly, Merkel is to side with Schäuble in her meeting with Sarko on Friday. Why do you think she changed her mind? I haven't seen any news about her voicing an opinion on this, so there was the Bundesbank boss only – which could have been interpreted as either channelling Merkel's disagreement with Schäuble or, quite the opposite, trying to overcome the fact of being a political nominee and establish credibility with the in-house hawks by demonstrating independence from the government. But with this latest I now think Merkel didn't made up her mind and then chose whatever furthers her stay in power.

Meanwhile, the chairman of the SPD (PES!) called Schäuble's plans a placebo and dared something bolder in calling for defaults and Eurobonds.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Jun 15th, 2011 at 06:03:33 PM EST
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