Wasted (Brussels) Days and Wasted (Brussels) Nights (French View)*

Saturday, October 18th, 2003

Bad news for EU taxpayers, at least those who rather expect some concrete results from their representatives at European Union fora in return for the tax-euros they are paid. (Come on now – could anyone really be so naïve?) I know you recall that EU summit in Brussels that took place yesterday and the day before – Chirac also spoke for Germany during yesterday’s session, remember? (Covered in €S from both the French and German points-of-view.) That was nice, a great symbolic gesture and all that, but more pertinent might be the fact that little of note was actually accomplished. At least so the French on-line papers say. (more…)

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Holland Takes Aim at Stability Pact Violators

Wednesday, September 17th, 2003

Today is “Holland Day”! (To read why, see my previous post for today, below.) And this time I have a fairly serious subject to treat, namely the seeming determination on the part of highest Dutch government officials that the Stability and Growth Pact (hereafter just “Stability Pact”), which was added to European law in 1997 and whose key provision is that governments are not allowed to run budget deficits of more than 3% of their GDP, be enforced. When governments violate this rule, they’re supposed to be fined millions of euros by the European Commission; Germany and France are about to violate it for the third year in a row (Italy is also apparently a violator), and, as we’ll see, the Dutch together with some of their friends within the EU want to see those fines applied, even if it happens to be the two most influential countries against which that would happen, the very “motor” of EU development. (more…)

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