Why& #39;s everyone celebrating yesterday& #39;s Eurogroup? Yes, there& #39;s lots of ambiguity in statement so https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇹" title="Flag of Italy" aria-label="Emoji: Flag of Italy">&https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇳🇱" title="Flag of Netherlands" aria-label="Emoji: Flag of Netherlands"> can claim a win, but guarantees for SURE are voluntary & while there& #39;s no ESM conditions for med expenses, a DSA remains & support for SMEs would trigger macro conditionality 1/

The language on "Coronabonds" - the supposed 4th pillar - is in, yes, but vague & hidden under "sources of financing & innovative instruments." Yesterday, did everyone not realise that @OlafScholz only spoke of a three pillar deal? This is more than just a slip 2/

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇫🇷" title="Flag of France" aria-label="Emoji: Flag of France">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇹" title="Flag of Italy" aria-label="Emoji: Flag of Italy">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇪🇸" title="Flag of Spain" aria-label="Emoji: Flag of Spain"> will now want to work on this 4th pillar/Coronabonds, but for https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇩🇪" title="Flag of Germany" aria-label="Emoji: Flag of Germany">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇳🇱" title="Flag of Netherlands" aria-label="Emoji: Flag of Netherlands">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇫🇮" title="Flag of Finland" aria-label="Emoji: Flag of Finland"> the job is done & it& #39;s now about implementing the first three legs. They will now want the ball kicked to @vonderleyen to reboot Europe& #39;s economies using the MFF 3/

True https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇫🇷" title="Flag of France" aria-label="Emoji: Flag of France"> thinks that language on leg 4 leaves it all to play for. But I don& #39;t expect a lot from EU leaders. Merkel, @EmmanuelMacron & @MinPres spent lots of time on phone yest - this is a leaders, not a finance ministers deal. So don& #39;t expect huge movement from them now ENDS