Sarkozy's field trip.

• Author: Trichel, Jean-Claude
• Position: OFF THE NEWS - Brief article

Less than two months in office, new French President Nicolas Sarkozy surprised the European financial policy world by inviting himself to the July meeting of Eurozone finance ministers in Brussels. To the shock of many, Sarkozy launched no less than an all-out attack against the foundations of the European Monetary Union, and then proposed the setting up of a euro-area "economic government" as a "counterweight" to the European Central Bank in order to "coordinate" monetary and fiscal policies...