The Choke Point

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Well following my speculation yesterday that the suggested de-coupling of the UK rebate issue from agricultural reform might be connected to the implications of the Doha round, news is in today that France last night called for an emergency meeting of European Union ministers to discuss “growing concerns in Paris that Europe will concede too much ground in the Doha round of trade talks“. The FT quotes Mandelson as saying:

“We are rapidly approaching the choke point where the different pieces either fall together or fall apart”

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".