Last Tuesday, Europe’s finance ministers bestowed upon three offices the heavy charge “of defending the integrity of the European financial system, much like the Queen’s three musketeers.” ++ A fourth musketeer was created in the form of a European committee on systemic risk, a type of new d’Artagnan. ++ However, the competencies of these new authorities are not
... More
The finance ministers of the euro zone “sentenced” French Minister Lagarde to pass a verdict on Germany’s economic course. ++ While it is customary that one EU country assess the economic policy of another, this assignment is not void of a certain “sense of irony… which the finance ministers of the Euro countries have not been known for up to now.” ++ Lagarde
... More
