Juncker has to know better than this, he can’t be that sheltered?
From Mike Norman’s blog
“The debt level of the USA is disastrous,” Mr. Juncker said. “The real problem is that no one can explain well why the euro zone is in the epicenter of a global financial challenge at a moment, at which the fundamental indicators of the euro zone are substantially better than those of the U.S. or Japanese economy.”
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.