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Reading the papers in the plane today, I was struck by how critical the FT was ("it was mostly fluff") whil Libé (the French lefty daily) was a lot more enthusiastic.

What could it mean?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Apr 3rd, 2009 at 05:46:12 PM EST
[ Parent ]
...that the Anglo financiers are starting to sober up (the hard way) while the French "caviar left" are still dazzled by the bling-bling lure of the liberal reform fantasy land?
Just a thougth...

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Sat Apr 4th, 2009 at 04:05:48 AM EST
[ Parent ]
Libé was actually acknowledging the point that there was little substance to the announcements, but was choosing to underline the symbolic value of a summit (i) which inluded more countries than the G8 (ii) which agreed that unregulated finance was the problem and (iii) which called for public action.

Maybe it is the same reason the FT chose to downplay it...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Apr 4th, 2009 at 05:53:46 AM EST
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