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So is the cumulative effect a de-powering of the EU institutions relative to its major constituent states? It is hard to see any of the five proposed appointees powering the EU forward as an entity in its own right. Those who had been relatively effective within the EU institutions - Barnier, Vesteger, Timmermans - were not rewarded.

The EP get's a President - Bulgarian ex-PM, Sergei Stanishev - hardly like to drive it forward. More a sop to Eastern Europe. The socialists get a sop in Josep Borrell, who at 72 doesn't seem likely to herald a new era in external relations. Has Christine Lagarde made waves at the World Bank, or Charles Michel in Belgium? Ursula von der Leyen seems to have become an embarrassment to the German government, so has been "put out to pasture". Is Ursula von der Leyen also a sop to NATO and the USA?

I know my suggestion of Merkel for President hasn't eh been, eh, universally popular here, but at least her appointment would have suggested the EU is taking itself seriously. Boris will think there is an opportunity here for a whole new approach to Brexit on the part of the EU. Fortunately, without an extension, the UK will be out before the new Commission takes office.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Jul 3rd, 2019 at 09:56:54 AM EST
[ Parent ]
"de-powering of the EU institutions" : depends on whether you think drunker-Juncker was a powerhouse. Alternatively, you could see firmness and continuity in Selmayr, the boss in the shadows. </snark>

France and Germany did agree on the Timmermans package, but it wasn't going to go through because of V4 and Romanian opposition. So probably Macrel and Merkon got together and said "Screw this, we'll just pick our own people." Makes as much sense as the rest of it.

"Boris will think" : that will be something new. </not even snark>

Things are going to slide, slide in all directions Won't be nothing Nothing you can measure anymore L. Cohen

by john_evans (john(dot)evans(dot)et(at)gmail(dot)com) on Wed Jul 3rd, 2019 at 11:44:05 AM EST
[ Parent ]
"Boris will think" Immediately followed by "Who cares?" on the continent.
by Bernard on Wed Jul 3rd, 2019 at 06:28:37 PM EST
[ Parent ]
Christine Lagarde @WB? Perhaps the IMF 😉
Former Finance Minister of France ... interesting education history ... received France's highest honneur in 2012 ... made some bloopers in her days, ask Tapie ... merci.
by Oui on Wed Jul 3rd, 2019 at 02:11:09 PM EST
[ Parent ]
is chair/MD of the odious IMF, subsidiary of US fed gov, as crypt keeper of USD purchase power ("petrodollar") in the post-WWII imperial basket of "reserve currencies," or SDR credit tokens USD, JPY, EUR, GBP (RMB added 2008).

The principle function of this institution is lending USD to sovereign governments on terms and conditions ("structural adjustment programming") which have not produced desirable "development" goals of the borrowers' constituencies.

The odious World Bank is a subsidiary of the IMF. Few care who is the chief of the WB. The principle functions of this institution is (1) lead generation to borrowers and (2) supplementary IMF loan creation and reporting.

Lagarde publicized receipt of the "Lagarde List" CD of internat'l tax evaders (2010) from the Ministry of Finance, France.

Lagarde succeeded the perv Dominique Strauss-Kahn ("DSK") mid-term 2011.

Lagarde has ambiguously defended restructured IMF "odious debts" from her office, following some agitation in the ranks.

Lagarde has exquisite taste in jewelry and an inexplicably even, permanent "Coco" complexion.

Other than that ...

Diversity is the key to economic and political evolution.

by Cat on Wed Jul 3rd, 2019 at 03:17:48 PM EST
[ Parent ]
Lagarde is not de Guindos, Minister of Economy, Industry and Competitiveness of Spain, Ambassador to The City, UK .

Diversity is the key to economic and political evolution.
by Cat on Wed Jul 3rd, 2019 at 03:24:37 PM EST
[ Parent ]

Diversity is the key to economic and political evolution.
by Cat on Wed Jul 3rd, 2019 at 03:25:09 PM EST
[ Parent ]
The IMF and World Bank: Partners in Backwardness

I've haven't read any of his books. But demos of Hudson's ballast below the surface of innerboob chatter seldom disappoint me. Can't say the same for Krugman or Baker, yo.

Diversity is the key to economic and political evolution.

by Cat on Fri Jul 5th, 2019 at 01:03:47 PM EST
[ Parent ]
deck chairs

Europe needs to find candidate to head IMF: France

France was aware that support was building for Carney, the official added, saying that if Paris decided to back him it would be sooner rather than later. However, there is concern about the precedent backing [Mark] Carney would set since he is "basically a Canadian" even though he is highly regarded, the official said.
Traditionally the Washington-based IMF has been led by a European, while its sister [sic] institution the World Bank has been run by an American. At times, larger emerging market countries have sought to disrupt the duopoly with their own candidates.

Given that the World Bank presidency recently went to American David Malpass,

uh oh
the French official said there was no reason why the IMF should not go to a European again.

Other Europeans "well considered" in Paris for the IMF job include EU Competition Commissioner Margrethe Vestager and former Dutch finance minister Jeroen Dijsselbloem, the official said.

Diversity is the key to economic and political evolution.
by Cat on Sun Jul 7th, 2019 at 10:49:26 PM EST
[ Parent ]
It would seem an EU office is viewed as relegation in both Germany and France, especially the former.  If this is actually the attitude of the two biggest players, you could appoint the most dynamic politicos of all time for the top jobs, and the EU train would still go nowhere.
by rifek on Thu Jul 4th, 2019 at 01:02:33 PM EST
[ Parent ]


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