Photo: White House, Flickr
At his press conference in Chicago, Barack Obama was just asked about Europe.After saying not very much about Greece’s need for self-determination and democracy he basically immediately started channeling Francois Hollande, whom he met at the G8 meeting this past weekend.
He said Europe needs a “growth strategy” (a classic new-euroism).
He said Europe needs a “fiscal discipline” (same).
And he said Europe needs proactive monetary policy that helps the economies of Spain and Italy.
Basically this is hew line of new Europe: Growth, fiscal discipline, and proactive monetary policy.
Now if only merkel would get on board.