The approaching battle for the ‘soul’ of the E.U. ! Former IMF employee @B_Eichengreen provides important background on the coming conflict between Merkel’s ‘fiscal Conservatism’, and Macron’s ‘Jupertarian Politics’. Old Socialist comments, with a jaundiced eye!

@B_Eichengreen provides important background, or just call it speculation on his notion that there is a coming conflict between Merkel’s fiscal Conservatism and Macron’s ‘Jupertarian Politics’. Two politicians suffering from galloping hubris, to put it almost diplomatically.

As the august Financial Times has noted, Macron’s plummeting poll numbers, and that near 37% of spoiled, blank and otherwise uncountable ballots, in the final vote . And the Le Pen and Mélenchon coteries of dissidents, will have what effect on the hermetic speculations of  Mr. Eichengreen’s technocratic chatter? That first appeared at the home of respectable bourgeois policy opinion, meaning a publication that specializes in EU apologetics , Project Syndicate,  by bought and paid for public intellectuals. What better credential to present to the reader than this? ( …formerly Senior Policy Adviser at the International Monetary Fund. )

Four time defaulter Germany, in the person of Merkel, is addicted to the utterly false narrative of German fiscal probity. Gillian Tett provides the necessary background to that specious mythology :

While Macron is an authoritarian, rule by decree, with a ‘mandate’ to bring France into the political family of a benighted Neo-Liberalism. Aux barracades, camarade!

Old Socialist


About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer. 'Polemic is a discourse of conflict, whose effect depends on a delicate balance between the requirements of truth and the enticements of anger, the duty to argue and the zest to inflame. Its rhetoric allows, even enforces, a certain figurative licence. Like epitaphs in Johnson’s adage, it is not under oath.'
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