Euro-crisis: leadership doesn’t mean telling other countries what to do
There’s been an outbreak of good advice as EU finance ministers meet in Wroclaw, Poland this weekend. First George Osborne tells Eurozone leaders to show leadership by accelerating fiscal co-ordination to control budget deficits (as long as the UK can still stand on the sidelines). Then US Treasury Secretary Tim Geithner tells finance ministers to scrap plans for a financial transactions tax (maybe we should listen? After all, everything’s going so well in the US!)
We do indeed need global leadership to deal with the global and Euro crisis: a crisis mostly of jobs and growth. But leadership means working together, not handing out advice in a ‘do as I say, not as I do’ fashion.