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Eurogroup chief: ‘I’m for secret, dark debates’

In Europe News on April 22, 2011 at 12:33 pm

By Valentina Pop

Eurozone economic policies should only be conducted in “dark secret rooms”, to prevent dangerous movements in financial markets, the Eurogroup chief said on Wednesday (20 April), adding that he had often lied in his career to prevent the spread of rumours that could feed speculation.

As exists in the case of monetary policy, all economic decisions should now be discussed behind closed doors, he said

“Monetary policy is a serious issue. We should discuss this in secret, in the Eurogroup,” Jean-Claude Juncker said at a Brussels conference on economic governance organised by the European Movement, an organisation that promotes European integration, referring to matters already long since outsourced from national parliaments to independent central banks.

“The same applies to economic and monetary policies in the Union. If we indicate possible decisions, we are fuelling speculations on the financial markets and we are throwing in misery mainly the people we are trying to safeguard from this.”

“I’m ready to be insulted as being…”

Full article…

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