Lagarde, von der Leyen, Dombrovskis, and company have gotten what they wanted: short-term positive signals to distract from the dire state of a hopelessly over-indebted and, in truth, no longer salvageable eurozone.
The Bulgarian elites have also gotten what they wanted: a break from fiscal discipline, finally enabling them — without the oversight of a currency board — to buy voter favor with cheap helicopter money.