Europe Big on Processes Rather than Decisions — Tony Blair

Tony Blair has some critical comments about the EU in his memoir, “A Journey.”

“People wanted endless debates about the technical framework, tending to shy away from the core political questions: to liberalise our economy or not; to be strong players in defence, or not; what sort of policy, and so on.”

I reminded me of a comment in the FT about the G20 meetings in Pittsburgh where the Europeans took decisions and scurried around setting up procedures, burears and that sort of thing. Oh well, the Asians just know how to manufacture, export and build strong economies. Who was the Frenchman responsible for saying something to the effect that it’s fine for something to work in practice, but does it work in theory?

About Tom Groenfeldt

I write - mostly about finance and technology, sometimes about art, occasionally about politics and the intersection of politics and economics. My work appears on and and occasionally in The American Banker and Banking Technology in London.
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