Before commenting on the results from the Ecofin Council and Eurogroup (a report on which is included in the following pages), here are a few comments about recent monetary and other events.
Weak or strong euro? What counts is complaining about it. When the euro is strong, the general rule is to say that it should be weak. If the euro is weak, affirmations abound stating that it should be propped up. What counts is to complain and speak ill of it as much as possible. A few months ago all we...