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Juncker, EU minister quoted

Posted by WARREN MOSLER on May 27th, 2011

Juncker, EU minister and erstwhile unofficial IMF policy spokeman:

>   
>   (email exchange)
>   
>   Referring to questions about Greece’s prospects for restructuring in the absence of a
>   stabilization course:
>   

“If the donkey were a cat it could climb a tree. But it is not a cat. Nevertheless, this is a question that worries many people. My answer to it is almost a little theological: I do not believe that this question will ever be asked.”

>   
>   This interview out a couple days ago in Der Spiegel was priceless ( and informative)… he’s
>   being asked about why he denied the emergency meeting rumored some days ago about
>   Greece leaving EMU when it was true…
>   

“SPIEGEL: Are you saying that, as a finance minister in the age of global capital markets, you cannot tell people the truth?

Juncker: I do not have a ready answer to your question…”

Juncker: Greece is not broke.

SPIEGEL: Hope springs eternal.

Full interview here.

6 Responses to “Juncker, EU minister quoted”

  1. art Says:

    There’s a longstanding mythology in the US (especially among conservatives) that Europe is ‘liberal.’ Anyone ever noticed how utterly wrong that is??

    (If Juncker and other policymakers aren’t enough to convince your right wing friends, how about royal weddings and monarchies??)

    :)

    Reply

    ESM Reply:

    @art,

    I realize you intended to be humorous, but your jibe strikes me as a non-sequitur. Europe is more liberal than the US in the sense that Europeans have accepted/desired/demanded a larger role for centralized government in their lives. If anything, having a government minister who thinks it is necessary to lie to the people in order to protect them springs from a sense of nanny-statism, which is much more of a liberal concept than a conservative one.

    Reply

    Tom Hickey Reply:

    @ESM,

    “If anything, having a government minister who thinks it is necessary to lie to the people in order to protect them springs from a sense of nanny-statism, which is much more of a liberal concept than a conservative one.”

    Bush and Cheney were liberals?

    Reply

    ESM Reply:

    @Tom Hickey,

    I don’t remember them telling lies. Withholding information is of course necessary at times, particularly on issues of national defense. Telling fairy tales in order to avoid scaring the children is a different matter entirely.

    ESM Reply:

    @Tom Hickey,

    And for the record, Bush did not understand conservatism at all.

    Tom Hickey Reply:

    @Tom Hickey,

    “I don’t remember them telling lies.”

    Search “Col. Lawrence Wilkerson,” Colin Powell’s COS when he was Secretary of State. He will refresh your memory.

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