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And some kind of deal has been made, the kind of deal in which Kohl has gone too far. He has agreed to a deal between France and the Netherlands which Germany cannot accept.

Ah, the infamous Duisenberg/Trichet deal.

What, the Germans not only wanted the DM to become the currency of the EU and the Bundesnak to become the ECB, but also a German chairman of the bank?

"It's the statue, man, The Statue."

by Migeru (migeru at eurotrib dot com) on Tue Mar 20th, 2007 at 05:24:42 AM EST
[ Parent ]
Duisenberg was Dutch.

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Tue Mar 20th, 2007 at 05:34:04 AM EST
[ Parent ]
Precisely: a deal between France and the Netherlands that the Germans wouldn't like.

"It's the statue, man, The Statue."
by Migeru (migeru at eurotrib dot com) on Tue Mar 20th, 2007 at 05:35:07 AM EST
[ Parent ]
I don't get you. Duisenberg was Kohl's candidate, he was upset that the French got through with a political deal for Trichet after a half term, where does a German chairman of the bank come into the picture?

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Tue Mar 20th, 2007 at 06:05:52 AM EST
[ Parent ]

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