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?

Opinion – Greece Says It Is Changing Team That Negotiates With Creditors – NYTimes.com – John Gelmini

The temple of Hephaistos, Athens, Greece. Fran...

The temple of Hephaistos, Athens, Greece. Français : Le temple d’Héphaïstos, à Athènes, en Grèce. (Photo credit: Wikipedia)

Dr Alf is right. Varoufakis should never have been chosen for creditor negotiations in the first place. His statements during the early stages of his appointment were not credible.

Replacing him with someone more capable and sensible is a good move but the fundamental fact is that Greece has a long and consistently questionable international financial record. Also by international standards, Greece needs to reform to help it back to prosperity.

It is time for real political leadership in Greece and at the same time helping Greek people to be more competitive in the World. Greece has a long and proud history  – it must learn from the likes of China and adapt.

John Gelmini