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Who is the biggest clown of the Credit Crisis? Vote now!

Thanks to @centrifugen I came across a poll on a Swedish site: who is the biggest clown of the Credit Crisis?


Thought we should have our voice heard so please cast your vote here: http://www.asymptotix.eu/content/who-biggest-clown-credit-crisis

The errors are manifold - Sarkozy: Greece should not have been in the eurozone - Soros: Same goes with Italy

French President Nicolas Sarkozy has said it had been an error to admit Greece to the eurozone in 2001 but said he was confident the country could emerge from its debt crisis.


George Soros went even further and said that it was wrong that Italy joined too.

Letter from David Cameron and other G20 leader to French President Nicolas Sarkozy


President Sarkozy,



Three years after our first Leaders’ meeting, reverberations of the global financial crisis are still being felt by citizens and governments around the world. For many advanced economies the path out of the deep and prolonged recession will be difficult. This will impact on growth in emerging markets, and there is more limited room for manoeuvre than in 2009.


Why Europe has only a month to solve debt crisis

If Europe's leaders do not restructure the euro and European debt within a month, the markets will force it on them.



The highly publicised three-way phone conversation between German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister George Papandreou may have calmed the markets but it provides no solution for Europe's economic and banking woes. If anything, by delaying decisions, it makes the crisis worse.

When will EU's debt crisis end? When Greece defaults?

The politicians seem unable to agree a sustainable path out of the euro mess that we are in. Tuesday's Zarky-Merkel summit did not reflect Euro Area unity, less EU unity. The proposals were half measures and deflections that the market saw through with evil eyes.

Statement by President Barroso and Commissioner Rehn on Tuesday's proposals by President Sarkozy and Chancelor Merkel

After a working meeting in Brussels, European Commission President, José Manuel Barroso, and Commissioner for economic and monetary affairs, Olli Rehn, issued the following statement.

The proposals made today (Tuesday 16 August) by President Sarkozy and Chancellor Merkel are a welcome step forward in our common efforts to strengthen the governance of the euro area. They represent an important political contribution by the leaders of the two largest euro area economies to this debate and the on-going work.

France and Britain patch up relations by giving each other posts at the new Commission

Despite Sweden having the Presidency these last 6 months, that was of no importance when the Brits promised away the Commissioner post for the Internal Market to Michel Barnier of France, while Sweden had to give up Jörgen Holmquist, the current Director General, DG Internal Market and Services to a Briton. Jörgen should have remained there for another two years!

 

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