Greece was really about France
W&D's UK meetings have thrown up an interesting insight. Germany's seeming hard-line on Greece was not really about Greece. It was about France.
Each of the troubled European economies, Spain, Portugal and Ireland, have done amazingly well, albeit slowly, in reforming their economies and structures. The worry is that France is sliding the other way. And might become so fossilised it will end up like a massive version of Greece.
So Germany's tough line on Greece was really a nod to France to start getting its house in order. But W&D's observation is that there is little political will or popular support to do what is required. There are just too many Gallic snouts in the trough.
- Anthony Starkins "Why, Sir, you find no man, at all intellectual, who is willing to leave London. No, Sir, when a man is tired of London, he is tired of life; for there is in London all that life can afford.". Samuel Johnson, English essayist, writer and lexicographer Calvin Coolidge, US President 1923-29. Winston Churchill, announcing on the radio the death of King George VI, quickly moved to the future, in his romantic, but prescient manner: "I, whose youth was passed in the August, unchallenged and tranquil glories of the Victorian Era, may well feel a thrill in invoking, once more, the prayer and the Anthem, 'God Save the Queen!'"