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Kozieł, Hubert
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1 article of this author has been cited in the European Press Review so far.
German-French strategy futile
The meeting between German Chancellor and French President Nicolas Sarkozy won't help save the Eurozone, writes the conservative daily Rzeczpospolita: "They don't know where they're supposed to get the money to bail out Spain and Italy if it comes to that. They have no emergency plan for Greece in the event that talks with the creditors over debt write-offs remain unproductive. They are afraid to recapitalise the banks and at the same time shy away from the questions about whether it makes sense to rescue bankrupt EU states. From time to time they entertain the idea of a setting up some kind of of economic government which basically leads to more control over the economies of the other euro countries. But they avoid creating a further budgetary pillar in the EU - namely transferring funds to less competitive states. Their strategy until now is one of defeat."
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