The Trojan Horse of private finance rolling into Europe

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Spanish Prime Minister Mariano Rajoy, whose conservative right Popular Party was elected to government in a landslide victory in November, earlier this month named Luis de Guindos, formerly with Lehman Brothers and PricewaterhouseCoopers, as his new economy minister. The appointment, announced last week, was the latest manifestation of a viral pattern now spreading across Europe, whereby technocrats are filling the posts of national governments and private sector "experts" are shaping EU decision making. Ludovic Lamant reports.

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