We met in the air, of course. Cocktail hour in first class, thirty thousand feet above Frankfurt or London or Paris. All it took was a spot of turbulence and a moment of mutual understanding. It was Friday night and off our starboard wing all of Western Europe was lit up like Christmas.
Forty five minutes later we were on the ground and ordering champagne up to our room.
You’d been on your way to consult on another round of bailout talks and I was coming back from a guest spot at the World Economic Forum. We were young, beautiful and stupidly rich. We spent the weekend playing ‘you show me your fiscal stimulus policy and I’ll show you mine’.
“My position on interest rates,” you told me, breathlessly, “is very flexible”.
We agreed on further exploratory talks. Read the rest of this entry »