Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
They can't corrupt the EMU members one by one because it will take too long - Sarko may not be around next year - and there are local constitutional issues which would mean that unwilling participants can always stall and say 'I'll get back to you'.

Then they can wait until Sarkozy gets his pack of directorships. And by then, Merkel may be too busy dealing with a German economic pancake landing to find the time.

It still looks more like a negotiating position to me. It's not impossible they can make it stick, but it's really not going to be easy. And neither of them seems like the kind of pol who has the relentless determination it's going to need.

Don't forget Sarko is the runty little prince of press release politics - big on the big scheme announcements, reliably useless on the practical follow-through.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Aug 17th, 2011 at 08:30:25 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

The new Greek government program

by talos - Feb 23
170 comments

Two-thirds gone

by DoDo - Feb 22
6 comments

Did Schäuble win?

by Migeru - Feb 21
256 comments

LQD - On Monetary Structure

by ATinNM - Feb 20
13 comments

Varoufakis and the memorandum

by Migeru - Feb 13
88 comments

After EU

by DoDo - Feb 12
261 comments

Recent Diaries

The new Greek government program

by talos - Feb 23
170 comments

Two-thirds gone

by DoDo - Feb 22
6 comments

Did Schäuble win?

by Migeru - Feb 21
256 comments

LQD - On Monetary Structure

by ATinNM - Feb 20
13 comments

Varoufakis and the memorandum

by Migeru - Feb 13
88 comments

After EU

by DoDo - Feb 12
261 comments

Greece's Plan B?

by Migeru - Feb 3
266 comments

Deflationary QE

by afew - Jan 28
31 comments

More Diaries...

Occasional Series