Monday, May 10, 2010

German Finance Minister Schauble did not attend yesterday's ECOFIN meeting!

The fact that Germany was not properly represented at last nights crucial meeting seems to be ignored in the English press, although there are many reports in Italian. One link stating the following is here: epa02150528 Illustration picture shows the entrance to the Emergency Room, at the 'Clinique Parc Leopold - Ziekenhuis Leopold Park', where German Finance Minister Wolfgang Schauble is supposedly hospitalised, 09 May 2010. Schauble was to attend the Extraordinary Ecofin Council meeting in Brussels today, but he was taken to hospital, and is replaced by German Interior Minister Thomas de Maiziere at the Ecofin meeting. EPA/NICOLAS Is this fact extraordinarily significant? In view of the outcome of the meeting, I believe that it is!!!!



Blogger Julien Frisch said...

Schäuble was replaced by his state secretary Jörg Asmussen who is an expert in financial markets and very likely extremely influential when it comes to such decisions in the ministry of finance. He is said to be behind the German agreement to the Greece aids.

Later on, from 8 pm, the German minister of the interior, de Maizière, who is very close to Merkel, took over.

So I don't think that there is any reason to doubt that the German decision to agree to the package had a strong backing from relevant persons of the government

1:45 PM  

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