The EU’s cut-out-and-keep economic timetable

This morning two European Commission technocrats and a spokesman held an off-the-record press briefing to explain the EU’s economic ‘governance.’ (Governance is the word eurocrats use instead of the more precise word ‘government’, because that word panics the Anglo-Saxons.) They gave it an hour. That’s called optimism, but an hour is about the maximum level anyone in the press corps is going to give on this one, so an hour it was.

Why an explanation had to be off the record I have no idea, but, okay, my lips are zipped. If you want to know how the economic government of the EU is going – and you ought to, because while a lot of it is eurozone only, the drift is for the full union, and Britain is already sucked into much of it – I can only offer you the slide that was projected over the heads of the three eurocrats during the briefing.