Monday, July 06, 2015

The new labels keep coming

The "Troika" seems so long ago now. Statement from European Commission President Jean-Claude Juncker --

He will have a conference call among the "Euro-Institutionals" (with the President of the Euro Summit, the President of the Euro Group and the President of the European Central Bank) on Monday morning.

This seems to be the first appearance of the phrase "Euro-Institutionals" and interestingly it's a new threesome that excludes the IMF.Note by the way that the president of the Euro summit is Donald Tusk of Poland, which is not a Euro country. Good luck to the Greek people keeping track of the evolving architecture this week. 

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