Friday, March 20, 2009

Bonfirepower of the Vanities

At the upcoming NATO summit meeting,

Mr Sarkozy will sit at Mr de Hoop Scheffer's right hand whenever TV cameras are in the room, German Chancellor Angela Merkel will sit at the Nato chief's left.

When the cameras leave Nato's heads of state and government, including President Obama, will switch their seats to return to the neutral, and traditional, alphabetical order.

The tip comes from World Politics Review, which offers more substantial comment on France and NATO as well.

Crisis Rundown

The EU will double, to 50 billion euros, the reserves available to aid eastern countries in financial difficulty. It is also calling for a doubling of IMF funding. These are welcome moves. Meanwhile, the prospective G20 agreement on financial regulation has leaked. The IMF is asking for more stimulus from G20 countries. So are European socialists. Lorenzo Bini Smaghi of the ECB takes a different view, however (h/t Eloi Laurent).