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Eurosceptic Bloggers

Thursday, April 21, 2005

We Know You’ll Make the Right Decision!

French voters are being threatened by a nominee for the European Central Bank's executive board.
Speaking at a confirmation hearing at the European Parliament's Economic and Monetary Affairs Committee, Lorenzo Bini Smaghi, the Italian Treasury official, said that a French 'No' to the EU Constitution would upset financial markets, cause more uncertainty among investors about Europe's commitment to a strong euro and hamper the ECB in its efforts to control inflation.
If there is any collateral damage from the vote, it will be the fault of those who claim that the EU cannot function without this treaty. Perhaps distributing copies of the 300 page insomnia cure in the trading districts of the worlds great financial cities will stave off such a crisis. I’m sure the comments are meant to put pressure on the French. Considering the political beliefs of the opponents however, isn’t such a capitalist plea likely to backfire?

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