Wednesday, 24 October 2012

Merkelian consistency!

So now Merkel is starting to allow for special circumstances (eg Irish bank debt)? The box is now open!

Which box? Pandora's, biensur!

Which inter alia means that it also ppens up the way/box for eg a Greece special circumstances. Expected and reasonable, but quite a game changer for her.

Merkel used to argue for consistency but she is more of "the do as I say not as a do" kind, it seems. Ie a politician like most.

Her well promoted axioms have fallen flat on their faces in the face of EU and Euro reality and now she has to abandon them, in a hurry! 

Or not?

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