ML-Implode News - Draghi's 'Growth Pact': Austerity Backlash 'Unites' European Leaders (Rhetorically, at least)

The unanimous approval of Draghi's suggestion conceals just how far apart its proponents are on details. What ECB President Draghi has in mind has little to do with Socialist Hollande's notions. "He doesn't necessarily have the same measures in mind as me to foster growth," Hollande admitted in a radio interview on Thursday. But this disagreement has somehow been overlooked.
Once the confusion over language has been swept aside, it becomes clear that Draghi's position is closer to that of German Chancellor Angela Merkel. She, too, has of course rushed to declare that a growth pact would be a good thing, but that she viewed that pact as entailing "structural reforms," the same phrase used by Draghi, and not economic stimulus plans that would "again increase national debt."

Relevant:

Draghi's 'Growth Pact': Austerity Backlash 'Unites' European Leaders (Rhetorically, at least)