When Juncker does a Krecké, Bloomberg is reporting.

SchaeubleCondemns Discord ’Nonsense’ Following Euro Spat

But of course, I have to say even more. How often do we catch political personnel blabbering? Including Maria Fekter AND Jean-Claude Juncker. I have heard from him: premature comments, one thing and its contrary, even a defense of lying to the public. But I'm never really annoyed. I think it is quite entertaining.

Frankly, if I had been the designated spokesperson at that Copenhagen meeting, I would have been annoyed too by blabbering Maria. But not to the point of ruining Maria Theresia's Dirndl and annoying everyone else who potentially had an interest to listen to Mr Juncker. Those are the journalists, whose mission is to report from any sources they can get. They traveled to Copenhagen to attend the press conference. If I were them, I would next time organize the venue for the press conference and invite anyone of the Finmins who wants to spill the news. I bet, many would show up.

Those interested are also the markets, that want to gauge Europe's chances to revive that monument of historic mistake that is the Euro, by preventing other PIIGS to go Greek.  But the markets stayed unemotional while witnessing the biggest news coming out of Copenhagen: Mister Euro was annoyed. The markets didn't budge. How annoying!  Actually to me that is an interesting climax for Mr. Euro's credibility in the markets. Here are my historic observations:

At first, several years ago, no one would listen to Mr. Euro, because no one knew who he was.

Then people and markets  got acquainted with that newly found Euro voice appointed by his peers, and markets tried to react to his every utterance.

After too many blabbers, the markets disregarded.

Then they advised, that maybe the blabbering was more or less reporting insider knowledge from secret talks by Merkozy, who by definition would not call a press conference about secret talks. So markets listened again.

Yesterday we are back to "So what!" However, the markets have discovered the girl in the Dirndl: http://www.bloomberg.com/news/2012-03-30/europe-to-cap-rescue-lending-at-800-billion-euros-fekter.html

Let me prescribe him some anger management, trying to stay calm at home and fix Luxembourg's problems. After Mr. Krecké, Luxembourg's former Ecomin who recently left the Grand Duke stranded in the midst of  a State visit in Vietnam, this is the second incidence of heroic chivalry demonstrated by a member of the Luxembourg government in 4 months. Extrapolating, we are expecting 4 more before the year is over. The Press can't wait!

I hear that finally the homework in Copenhagen has not been completed. Yves Mersch is still strolling on the ECB waiting lists.