Jeroen Dijsselbloem: Jean-Claude Juncker damaging Commission’s credibility – POLITICO

This is an important article from Politico, citing the Eurogroup chief slamming Juncker’s comments that Commission goes easy on France ‘because it’s France.’

Source: Jeroen Dijsselbloem: Jean-Claude Juncker damaging Commission’s credibility – POLITICO

Let’s face it, the EU is not about equals. Since the beginning France has drafted the rules in her favor and then is always ready to bend the rules.

The financial crisis in Euroland has been perpetuated because French banks were protected from debt write-offs. France has again and again been a special case.

France did not suffer the extended doses of austerity prescribed to Greece, Portugal, Spain, Italy, Ireland and Cyprus.

Why is France allowed to get away with bending the rules, without sanctions?

Thoughts?

European Commission – PRESS RELEASES – Press release – European Commission welcomes Eurogroup agreement on a three-year ESM stability support programme for Greece

This is a historic announcement. It’s worth a read. Check it out!

via European Commission – PRESS RELEASES – Press release – European Commission welcomes Eurogroup agreement on a three-year ESM stability support programme for Greece.

I wish Greece the best of luck. The path ahead will be very painful but perhaps not as painful as a Grexit. So on balance, for me, it’s the right decision.

Thoughts?