EU Finance Chiefs Know They’re in Trouble
It has taken the politicians charged with actually steering the European economy some time to accept the seriousness of the challenges they face. But they are starting to get it now.
Most of all, there is a bitter split over the idea of more joint borrowing by EU members.
Paschal Donohoe, the Irish official who leads meetings of euro-area finance ministers, had his own epiphany when Group of Seven economy chiefs met in Italy on Lake Maggiore in May.
They gathered in the Grand Hotel des Iles Borromées, a Belle Epoque edifice with sweeping staircases, crystal chandeliers and frescoed ceilings, as a reminder of the era when Europe’s economies were the richest in the world.
Bloomberg 14 October 2024
Tillbaka till Wall Street och Stockholm 14 oktober 2024
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