v.d. Leyaen was labour ministress, and prudced just blabla. And was fmaily and socvial issues mnnistress, and the blabla was even worse. She works since ,longer time silenbtly on fleeing from the dfenc emnbistry, she has entangle dherself in too many issues, scqandals and displays of her incompetence, also the army and the officer corps strongly despise her. In other words: her "career" is at her biographically lowets point, and she has no cups and medals to show up with. And then her always politically ultracorrect empty phrase-shelling. Hair-raising.
Lagarde is without real understanding of the nature of money , she is lawyer in the first, politician, not economist or finance expert. She is Keynesian not becasue of choice of theory, but becasue her background as a law-expert and diplotaiclaly acting semi-politician mad eher that as a side effect. She will kick quantitive easing to new lows to keep the party going. I doubt she has a real understanding for the underlying critical implication that will sooner or later let the kettle explode. In other words: she is worse than Draghi. Markets already have reacted to her name although she is not even yet confirmed in office.
And she is French. French like Macronfrench. She suppoirts state itnevnewtionism and that eocvnomy and finace must be subordnate to pltlical policy-mforming, in other words: she indirectly supports planned economy schemes.
Both Lagarde and von der Leyen are two of the worst choices one could have made for these posts. The one will play France's game, the other can be made to play France's game. The southern coalition of net receiving states now must and hopefully will clash frontally into the group of the Northern net-paying states and the Visegrad states and the socalled "populists" (though he worst populists I know in all this are the pro-EU propagandists themselves, both quantity and quality, and volume, of their slogans are hard to top, and they control the state media anyway). That is good in itself, for it weakens the EU even more and pushes it even more to the brink of self-erasing. Frances finances are the biggest money bomb in the Eurozone, thats why Macron wages war against private savings and private property oweners in other countries. With Lagarde, he got his girl into the ECB' HQ.
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If you feel nuts, consult an expert.
Last edited by Skybird; 07-04-19 at 05:48 AM.
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