As EUobserver titles in an article, a mini-summit in Paris yesterday failed "to stop unilateral action by EU states". Sarkozy, Merkel, Brown, Berlusconi, as well as the two financial Jean-Claudes, Juncker and Trichet, had met in order to find common solutions, but as so often in European Union politics, their only joint action is to say that unilateral actions are prefered.
Sarkozy is cited:
"We have taken a solemn vow as chiefs of state and government to support banks and financial entities to face the crisis. Every government will use its own system for that, but in co-ordination with other member states."For me its sounds rather like a "sole vow" than a "solemn vow". But at least they could have a nice meeting in Paris. Many people do that on Sundays, so why not our political and financial leaders?!
Number of solutions produced: ZERO.
- the article by the Coulisses de Bruxelles
- Grahnlaw's related article on "EU: Excessive government deficits"