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Eurozone Crisis: Secret Group Revealed

26th September 2010

The WSJ does a good job at shining a light on the top-level secret machinations which have been trying to keep the Eurozone from falling apart.

Some vivid descriptions of how our beloved leaders behave towards each other:

When Mr. Sarkozy barreled into one meeting with camera crews and photographers in tow, Ms. Merkel icily ordered the cameras out: "I won't let you do this to me," she said, warning she wouldn't play the part of "the stubborn old bag."

The whole piece is an interesting insight on how the European Union 'really' works. When in doubt, it is the largest member states' leaders who call the most important shots.

Quite right too. They and not the EU Commission bigwigs are responsible to voters for extracting the taxes which ultimately keep the show on the road.

The more so since in substance when we talk about 'bailing out Greece' in fact it is all about protecting the large banks in France and Germany and elsewhere which lent all that money to Greece?

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