Please, stop watering our boastful comments that discredit your actions. Throughout this financial crisis, politicians have often acted with courage and determination. Their ability to destroy themselves by demonstrating their incompetence by their statements in financial matters is unlimited.

It is clear that you want to vote collectively an EU directive which will limit the risks that hedge funds pose to financial stability and economic. Was he, Mrs. Merkel, as you go about your decision and isolated national short selling and hedge funds? You must surely know that your action will have no effect in reality and you destabilize a consensus. Not in Frankfurt as it happens, but in London, Hong Kong, Tokyo or New York. What is your goal? There is nothing to gain from oratorical effects on both global issues and techniques. You have done more than any other State Member of the European Union in this crisis to destabilize the Eurozone. This was the case again yesterday.

The question is not speculation: it accounts for only about 5% of exchange rate movements. Banning short selling while the EU directive does for hedge funds will have a very clear result: investors, instead of covering their risk by various techniques will simply sell their bonds. The effect will be worse. The public debt markets will be dearer. And all countries will pay the price.

As for the need to change the constitution to enforce fiscal discipline in France, she (let’s be charitable) smile. From his first visit preposterous al’ECOFIN for exceptions to the French European budgetary discipline, the French president has accumulated measurements fiscal laxity. While the Prime Minister at the beginning of the term, a cry of alarm about the finances and you have contradicted, France has accumulated expenses and overestimated revenues and growth….

It is commendable to want to get more flexible fiscal targets to five years. This implies however that the criteria of the Maastricht Treaty are changed. Did not you just decided this week to a European system of prior control of annual budget?

Put into the constitution a set of principles which contradicts the European treaties is inconsistent with your own decisions and will have a disastrous effect. Why use the constitution? If we started with the tax shield and some measures for 2010? The trouble is that today is painful and a horizon is five years post election. It is on the shoulders of Angela Merkel and Nicolas Sarkozy that the eurozone is “Honor onus. It is a daunting responsibility he must prove himself worthy to be credible.

It is time to leave work those who have the daunting burden of establishing the new system promoted by Europe, both in budgetary and financial matters. But can we curb the craving policies say anything if it makes the headlines? By the way, let’s talk about the job?

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