Thursday, May 24, 2012

European Council: Some comments

EUCO press conference: "stability and growth" (Barroso) or austerity and growth? Austerians politically alive and kicking, it seems.

Project bonds: too little, too focused (number of projects), too lifew positive externaliies?

Is the EU2020 growth strategy consistent with cuts in Spain, UK, Ireland, Italy, Portugal, Greece, et al? IMO, No!

My conclusions:

Greeks & other Europeans have to suffer patiently until left of center is majority in EZ & has Pres of EUCO & Eur Commission

Greece must "honour commitments" made to a near fully conservatives' led Eurozone who still have the commanding hand.

The Austerians are still in control of the Euroland, but not for too much longer.

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