Groucho Marx once quipped that he would refuse to join a club that would have him as a member. It is safe to assume that the European Commission did not have Duck Soup in mind last month when it warned France, Greece, Ireland, Latvia, Malta and Spain to bring their budget deficits back into line. But a club in which nearly half of the members are flouting the rules and are in danger of being blackballed might be to Groucho’s anarchic taste.
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