Wednesday, February 8, 2012

Who Pays Attention to ECOFIN?

Southern Europe, that's who. Log onto Twitter, search ECOFIN (the EU's Council of Economics and Finance Ministers, responsible for decisions on the euro zone), and you'll get mostly posts from southern Europe. Type in a country name, like Portugal or Greece, and the sources become more varied.

It says something about how the power relationships are currently felt in euro zone politics.

What impact they have remains to be seen. ECOFIN meets tomorrow to discuss public policy progress and debt restructuring for Greece. One demand has already been made clear: aid is conditional on all main political parties accepting it.

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