France and Germany (and europe): 2(+25)

This weekend, Mrs Merkel and Mr Sarkozy met to discuss the euro/debt/bank crisis and find (again) solutions.

Following their meeting, they announced a plan to refinance banks and organize a partial default haircut on Greek debt. #

Although one can be happy that these two leaders are taking action to calm the crisis down (or at least try to), the two head action is a source of problem, let’s remind ourselves that it is other member states that are not so much part of the decisions process that are slowing down and/or threatening the European response to the debt crisis 1,2,3,4.

A comprehensive, all-involved, strategy and response is not easier to get, but once decided, simpler to implement.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s