I’ve been reading Molly Ivins so I almost put “like heartless, dumb bastards” but that wasn’t quite in keeping with the style of the publication:
Was it the fact that both the IMF and the World Bank warned that the eurozone’s economic mismanagement could trigger another global recession? Or that the world’s economic and political elite was dismayed by Angela Merkel’s business-as-usual speech in Davos? Or perhaps because the EU was due to announce that eurozone unemployment is still rising, reaching a new all-time record of 10.4% (even as it has dropped to 8.5% in the U.S.)?
In any event, it seems some EU leaders were worried that all this happening in the days before the summit to finalize a fiscal discipline Treaty, mandating more-of-the-same-budget-cuts-and-tax-hikes that have failed to prevent the worsening crisis, might make them look… well, not just heartless, but stupid too.
…and so they came up with an amateurishly bad Growth & Jobs Plan/spin operation. Read all about it on Future Challenges, where I report from the Brussels Think Tank Forum, the EU/national think tanks’ big annual shindig. The Eurowonks were pretty grim.