Monday, October 27, 2014

The Miracle of Loaves and Fishes

The institutions of the European Union work in wondrous ways. Last week the voice of doom thundered out of Brussels: "France, thou shalt explain why thou hast sinned against the Stability and Growth Pact." At first Michel Sapin denied that God had spoken, but then the First Vicar and President of the Republic admitted that He had, but that "it was nothing," just a friendly communication between sommités. This morning France announced that a miracle had indeed taken place over the weekend, and as a result of lower interest rates and some other hocus-pocus France's "structural deficit" had indeed fallen more than previously noted. And now, just a few hours later, word has it that the Lord on high has been mollified. France will not be sanctioned after all. Just as everyone predicted would happen after the divine throat clearing. And so we limp on for another year.


brent said...

Loaves and fishes or the widow's mite, no one seems to be cast into outer darkness in this round. But I keep looking in vain for Commissioner Moscovici to flaunt his new powers, or at least appear in a news story. Isn't he in a position to stand up for France and Social Democracy? But no, Commissioner Katainen appears to be doing the heavy lifting. Is Moscovici simply avoiding the awkwardness of dunning his old colleagues? Or has he already been marginalized within the Juncker Commission, as France perhaps has been within the larger Union? I keep waiting for Mosco to link arms with Renzi and declare a Popular Front, but instead he seems to be hiding under his new chair.

Mitch Guthman said...

From my reading of his interviews and speeches, Moscovici seems to want to be on all sides until it is unmistakable which will be the winning side and then he wants to have always been on that side.

I’m not sure that even divine intervention could make Commissioner Moscovici “link arms with Renzi and declare a Popular Front”. Possibly if God granted Moscovici unassailable foreknowledge that the victory of les frondeurs would be immediate and of great personal advantage to him but not otherwise.

FrédéricLN said...

Art, light you try to translate that into French (I can't, alas) and a column in Le Monde, Les Echos or alike? I guess most of the French just did not notice the trick.