Wednesday, May 11, 2011

The Lying Liars of Luxembourg

Thanks to Dick for finding this ticking time bomb of an article on the Euro debt crisis.
In saying "When it becomes serious, you have to lie," Mr. Juncker was apparently talking about the serious conditions in the eurozone. The necessary lies -- this time at least -- were in regards to the euro.

"Just before 6 p.m. [on Friday]," the WSJ reports, "German news magazine Spiegel Online distributed a report saying that eurozone finance ministers were convening a secret, emergency meeting in Luxembourg that evening to discuss a Greek demand to quit the eurozone."

Reporters frantically phoned Mr. Juncker's spokesman, Guy Schuller, to verify the "secret meeting" assertion Spiegel Online had made. The official word: No meeting. Even though there actually was one.
"I was told to say there was no meeting," Mr. Schuller told the WSJ. "We had certain necessities to consider... there was a very good reason to deny that the meeting was taking place."

It was "self-preservation," Schuller added, speaking for his finance minister boss.

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