President Macron has suggested that the “European Stability Mechanism“ (ESM) should be renamed “European Monetary Fund“ (EMF). Berlin (Schäuble, Merkel, Scholz) and the European Commission agree to this proposal. The EMF has been a French project since the time of Raymond Barre (1968) and Giscard d’Estaing (1978), and in July 2011 President Sarkozy triumphantly called the ESM “the beginning of a European Monetary Fund“.
„The European Monetary Fund
Lessons from the IMF“ weiterlesen