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It is sometimes difficult for the British and for the rest of the world to understand the European mentality. That is to say the mentality of some of Europe’s leaders. Hence President Sarkozy’s extra-loud declaration of commitment to the euro,http://www.hmzzf.gov.cn/Review.asp?NewsID=168, just in case we didn’t believe it the first time. At the World Economic Forum in Davos the president implicitly knocked down George Soros and other speculator-critics betting against the euro. “Chancellor Merkel and myself will never – do you hear me,cheap pandora jewelry, never – let the euro fall “The euro is Europe. And Europe spells 60 years of peace. Therefore we will never let the euro go or be destroyed. To those who bet against the euro, watch out for your money because we are fully determined to defend the euro. To imagine that we might pull out shows a complete misunderstanding of the European psychology. It has to do with our identities as Europeans.”
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- how big?
- how much do we want to raise?
Actually quite a few of these issues have been explored by the IMF, which seems to be vaguely in favour of the idea. As President Sarkozy takes over the G20 this may be one idea he will be able get the world to agree; saving the euro will be much harder work. As a footnote, please note that both George Soros and Nicolas Sarkozy have Hungarian roots. Make of that what you will.
Sarkozy may have more luck with his “moral” financial transactions tax,http://blog.paltalk.com/paltalkpress....html#comments, though big questions remain:
Euro-fanatic words that could easily have come from the lips of Francois Mitterrand. But I would just wonder quite how committed to the euro project Mrs Merkel really is. Pragmatic,Christian Louboutin Platforms, younger and from eastern Germany rather than the traditionally federalist West, I’m not so sure that the German chancellor is quite so starry-eyed about things as, say,http://photos.electroger.net/displayimage.php?pos=-88, Chancellor Helmut Kohl, political partner of Mitterrand,http://whitedaisydesigns.net/##############...age.php?pos=-5, was,Christian Louboutin Pumps(Classique), or as her finance minister, Wolfgang Schauble probably still is. Given the intensifying choice between two things Germans s hold dearest – their economic heath and the EU project – it is tricky to know which way they will jump. But they will soon see they cannot have it both ways. They must stand behind their currency whatever the cost if the Sarkozy Declaration is to have much force. Declarations from the French President on her behalf may not actually help the euro’s case  with the Bundeskanzlerin.
- what to do with the money? Give it to the developing world as the Robin Hood Tax campaign want,Christian Louboutin Boots sale, or stash it away in a bank rescue fund or chuck into general government spending domestically?
- on what transactions?