Lying is OK, that’s official! Duh!

I find this utterly unacceptable – here’s the story

Jean Claude Juncker, lying for Europe!

I was talking to someone in the UK just a couple of days ago, Martin J., about investment matters and we were generally ‘slagging’ off the quality, or rather the lack of quality, of the statements of leading political persons in many fields of government.  Martin then made the statement that Jean Claude Juncker, the Prime Minister of Luxembourg, and the head of the Eurogroup council of eurozone finance ministers had recently stated that “When it becomes serious, you have to lie,”  I was staggered to hear this and asked Martin to supply the details.  Here they are.

Mr. Juncker’s remark had been widely reported and I have chosen the Wall Street Journal’s report to quote from in Learning from Dogs.

MAY 9, 2011, 10:54 AM ET

Luxembourg Lies on Secret Meeting

By Charles Forelle

Is lying considered an appropriate mode of communication for euro-zone leaders?

We have to wonder after a strange episode on Friday evening. Here’s what happened:

Just before 6 p.m., German news magazine Spiegel Online distributed a report saying that euro-zone finance ministers were convening a secret, emergency meeting in Luxembourg that evening to discuss a Greek demand to quit the euro zone.

Calls from reporters flooded in to Guy Schuller, the spokesman for Luxembourg Prime Minister Jean-Claude Juncker, the man who is the head of the Eurogroup council of euro-zone finance ministers.

In a phone call and text messages with two reporters for Dow Jones and the Wall Street Journal, Mr. Schuller repeatedly said no meeting would be held. He apparently said the same to other news outlets; at least one more moved his denials on financial newswires.

Of course, there was a meeting–although not, apparently, to talk about Greece quitting the currency, which would be an extreme step to say the least. Mr. Juncker even said a few words to reporters who had hustled to Luxembourg to stake out the gathering.

Anyway, do read the article in full here.

In that article there is a YouTube video in which Mr. Juncker says “When it becomes serious, you have to lie.”  You can hear it yourself, about 20 seconds into the video despite the sound level being a tad low.

So that’s official then!  Politicians have to lie!  Grand job.  Talking about jobs, don’t suppose Mr. Juncker will lose his.  Or that he will show that, deep down, he is an integrous man and resign his post.

Yes, of course we all understand that what high-profile people say can affect markets and that, at times, one must be careful in terms of what is said.  But lying?  Sorry, for me that will never, ever be acceptable!

What has this to do with dogs?  Simply, dogs don’t lie.

5 thoughts on “Lying is OK, that’s official! Duh!

  1. You know somthing Paul?…. the Whole system of Government is based on a lie… and the EU! well now they are a law unto themselves are they not?…. Have a great Weekend and I have become so less materialistic these days…Enjoy each Day!… with a full heart and wear a smile upon your face.. for my friend that to my last reckoning Cost us nothing!….And Dogs now yes I agree…. happen to be be loyal to those that feed them lol. unlike the politicians we place in positions of Power!.. Be well Paul.

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  2. And an update from Mish’s Blog, see here http://globaleconomicanalysis.blogspot.com/2011/06/italian-bank-stocks-plunge-trading.html

    Juncker Principle in Action

    Italian Prime Minister Silvio Berlusconi appears to be following the “Juncker Principle”.

    Jean-Claude Juncker, Luxembourg PM and Head Euro-Zone Finance Minister says “When it becomes serious, you have to lie”.

    Italian banks are in a scramble to raise capital even though the prime minister assures us that its banks are “well capitalized.”

    Actions speak louder than lies.

    Like

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