Occasional reflections on Life, the World, and Mathematics


I wish I could think of some witty way to frame this, but some comments just have to speak for themselves. I’ve been reading the latest book by my favourite economic historian, Adam Tooze, who has moved from the financial history of the Third Reich and the First World War to examine in his new book the financial crash of 2007-8 and its aftermath. I’ve never had much time for those who see the EU being run by arrogant anti-democratic technocrats. But then we have this remark by Jean-Claude Juncker, then prime minister of Luxembourg and acting chair of the Eurogroup, now president of the European Commission:

Monetary policy is a serious issue. We should discuss this in secret, in the Eurogroup …. If we indicate possible decisions, we are fueling speculations on the financial markets and we are throwing in misery mainly the people we are trying to safeguard from this …. I am for secret, dark debates …. I’m ready to be insulted as being insufficiently democratic, but I want to be serious …. When it becomes serious, you have to lie.

I guess the best you can say is, this is macho posturing of a tax-evaders’ shill trying to show he’s tough enough to sit at the top table of power politics.

In the long dark night of the European soul, even a Luxembourgish prime minister dreams of being Metternich.

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