Sarkozy emerges buoyed from euro rescue effort

Press quote (Mercury News)
12 May 2010

Simon Tilford, chief economist at the European Centre for Reform, noted that the plan for the euro included "some elements of the French model" such as a greater need for intervention and regulation…. The French "were very quick to recognize how serious the situation was and that does contrast with one or two other governments, notably Germany." But he added, "I find the rhetoric coming out of France, with its attack on the markets as the reason behind the downfall of the eurozone, quite problematic. The French authorities would make better use of their time in trying to address the lack of policy coordination within the eurozone and trade imbalances," he said.