Waiting for the flames

El País newspaper expresses disappointment at the EU economic recovery plan and the lack of harmony on tax reductions: "Once again the European Council has camouflaged as a historical agreement what is in fact no more than a minimum of coordination on the part of states that otherwise can reach no agreement whatsoever. Since the beginning of time smoke has been a sign for fire. Nevertheless the majority of member states have decided to wait for the flames of this crisis before sounding the alarm. And that is where the harmony ends. While some states are rushing to nationalise banks, cut taxes and increase their national deficits, others - like Germany - are far more cautious about throwing overboard the result of years of structural adjustment."

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