“In purely economic terms, there is no need for an economic manager who can not possibly salvage a total economic wreck.”
I think he’s just the designated executioner. Someone has to tell the unions and municipal employees that the trough is empty, and none of the local politicians wants to be the one to do it, so they brought in outside help with no local connections to be afraid of offending.
Yep........ you’re right, the hatchet man.