Europe's Three-Headed Monster

Europe's Three-Headed Monster

On Thursday morning, I sat before the president of the European Union, José Manuel Barroso. He explained in exuberant English that Greece's problems would be solved without the help of the International Monetary Fund.

Next, I heard from the president of the European Union, José Luis Rodríguez Zapatero. He emphasized in brusque Spanish that Greece would require “fundamentally a European solution” with no help from outside bodies like the IMF.

A few hours later, the room was occupied by the president of the European Union, Herman Van Rompuy. In patient French, he explained definitively and finally that Greece would be bailed out with the help of the IMF.

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