The reality is the ambiguous part. The results of the Ecofin Council regarding France's budgetary situation were ambiguous and confused enough correctly to reflect the political, economic and legal reality of the application of the Stability Pact, which IS ambiguous and confused.
Legally speaking, the countries of the euro zone have no right to manage their affairs as they see fit, they cannot take autonomous decisions, but must always go by the wider Ecofin Council. The outfall of this is...