• 525 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 527 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 927 days Could Crypto Overtake Traditional Investment?
  • 932 days Americans Still Quitting Jobs At Record Pace
  • 934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 937 days Is The Dollar Too Strong?
  • 937 days Big Tech Disappoints Investors on Earnings Calls
  • 938 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 940 days China Is Quietly Trying To Distance Itself From Russia
  • 940 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 944 days Crypto Investors Won Big In 2021
  • 944 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 945 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 947 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 951 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 952 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 954 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Great Explanations: France Gets to Violate EU Budget Rules 'Because It's France'

In my forthcoming book of "Great Explanations", European Commission president Jean-Claude Juncker may very well get top billing.

Juncker is already tremendously famous for preceding statements, and this week he was back at it with still more comedy.


Eurogroup Chief Takes on Juncker's Budget Laxity

The EU Observer reports Eurogroup Chief Takes on Juncker's Budget Laxity.

Eurogroup president Jeroen Dijsselbloem said "it would be wise that the European Commission pays more attention to credibility" when it comes to budget rules enforcement. Dijsselbloem said in an interview to Germany's Sueddeutsche Zeitung and six other newspapers that it was "a concern" that commission president Jean-Claude Juncker admitted earlier this week that France got leeway "because it is France".


Credibility in Question

Jean-Claude Juncker lying

Even the Eurogroup president is questioning Juncker's credibility.

Everyone should.

Other than being a pompous buffoon, Jean-Claude Juncker is most famous for his statement "When it becomes serious, you have to lie".

Amusingly, on June 28, 2015, I reported Juncker Lectures Greece on Telling the Truth.


Believable Juncker

The only significant statement Juncker ever made that I accept as factual is his own admission that he is a liar.

 

Back to homepage

Leave a comment

Leave a comment