Sunday, April 15, 2012
Tiens! Sarkozy Isn't Happy with Eurozone Governance Either
Nicolas Sarkozy, who has mocked François Hollande's pledge to "renegotiate" the "Merkozy accord" imposing a tighter watch on the spending of EU member states, has now launched his own call for a rethinking of the way business is done in the Eurozone. To be sure, Sarkozy aimed his fire at the European Central Bank rather than at the balanced budget treaty, but the thinking is similar: without steps to stimulate growth coupled with accommodation by the ECB, the Eurozone's troubles will increase.