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See also: European Tribune - Translation: Trichet or the Single European Unthinking
Mais ce qui est encore plus frustrant que la forme de l'exercice... c'est le fond! Jean-Claude Trichet est un vrai européen, il n'y a aucun doute là dessus. Et en ces temps où les intérêts nationaux l'emportent trop souvent sur l'intérêt général européen, c'est une qualité importante!But even more frustrating than the form of the exercise is the substance! Jean-Claude Trichet is a true European, there's no doubt about that. And at this time where national interests too often trump the general European interest, it's an important quality!
Mais, pour le reste, le président de la BCE continue de dérouler les dogmes de la pensée unique comme si la crise n'avait pas eu lieu.But, otherwise, the ECB president continues to roll out the dogmas of market fundamentalism as if the crisis had never happened.
Les réformes financières? Tout va bien. L'agenda du G20 avance, pas la peine d'en faire plus. La réforme du pacte de stabilité et de croissance? La Commission ne va pas assez loin. Il faudrait des sanctions automatiques et confier la politique budgétaire à des "sages" .Financial reform? All goes well. The G20 agenda marches on, there's no point in doing more. The reform of the Growth and Stability Pact? The Commission isn't going far enought, sanctions should be automatics and budget policy should be entrusted to "wise men".
Written by French Green MEP Pascal Canfin.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Fri Jan 21st, 2011 at 07:25:20 AM EST

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