The EFSF is undergoing the same trajectory as EU treaties: held hostage by the filthy democracy that impdes the beautiful plans of a correct technocracy. Despite some ructions the larger countries have fallen into line. Nevertheless, plucky politicians in small Slovakia have asked a questions: why is acquiring debt a solution to the problem of too much debt? Answers on a postcard to Merkozy.
In the meantime, this Slovakian stick between the spokes may cause the wobbling velocipede to fall over. The can is acquiring the dimensions of an oil drum: non kickable.
It probably will pass, but the shenanigans may cause a few heart attacks in Brussels. ALways welcome.
