Fri Jul 13th, 2012 at 04:24:53 AM EST
Eurointelligence news briefing this morning:
In an interview with Frankfurter Allgemeine Zeitung Luis de Guindos says the Spanish government inspired itself from the reforms Germany underwent under Gerhard Schröder. “The Spanish economy needs the medicine that Germany had to take 10 years ago”, Spains economy minister explained. “The German reforms of the labour market, the social security as well as the great moderation with the salaries are examples. Spain is doing all that now even faster and more intensively.”
Windos didn't need to suddenly see the light -- the ideology is no doubt tattooed into his source code -- but this submission reveals the real balance of power after the Council that was supposed to have been a defeat for Merkel etc.
Neoliberal "reform" wins. Even faster and more intensively.
Spain should take Germany on at football, not wrestling.