The EU remains the primary potential market mover this week, eclipsing even Friday’s Payroll report.
Fiscal austerity forced on the lesser credits and the ECB’s restrictive policy forced on all, past few months (memories of the Weimar ?) have brought the region right to the abyss.
Hold on.
Robert Craven
Past months we have maintained that the EU is doomed, simply a question of timing. Now we have plenty of company.
Fiscal austerity forced on the lesser credits and the ECB’s restrictive policy forced on all, past few months (memories of the Weimar ?) have brought the region right to the abyss.
We don’t envy Merkel; she likely wishes she’d stuck with physics (her major). A Christian Social Union document to be released on Monday, according to the Telegraph, "flatly rebuts the latest accord between Chancellor Merkel and French president Nicholas Sarkozy, saying plans for an ‘economic government for eurozone states are unacceptable. It demands treaty changes to let EMU states go bankrupt, and to eject them from the euro altogether for serial abuses." Whoa!
Hold on.
Robert Craven
No comments:
Post a Comment