Friday, March 12, 2010

The Nicolas and Gordon Show

Nicolas Sarkozy would like to see Gordon Brown remain prime minister, and he'd also like to take credit for resolving the dispute between the US and the EU over the regulation of hedge funds. So he and Brown met today and put on a good show of solidarity without actually announcing any accord beyond agreement about "how to move forward together." What will Washington and Berlin think of this performance? One might see it as two unpopular leaders trying to throw each other lifelines in advance of pending elections. But voters are unlikely to be much impressed on either side of the Channel. This just isn't the kind of issue that matters, except to the players.

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