Euro

The first new flashes concerning the Eurotop fly in all possible directions. That was fully expected but that is not good news.

More than ever : "Fasten your seatbelts". I'm starting to look blue and green in my face ... German dominance or the chaos ?

3 comments:

Azijn, Piet said...

De leerling tovenaars hebben hun toverstokjes thuisgelaten !

Pablo Carpintero said...

Almost one week later, what can one conclude ?

"Two things seem to be true: Cameron is an incompetent opportunist in thrall to his backbenchers and the proposed treaty is a disaster for the Eurozone countries themselves."

Read on http://crookedtimber.org/2011/12/13/the-uk-after-the-eu-summit/

Pablo Carpintero said...

And Martin Wolf, quoted by Paul Krugman :

"To put it bluntly, the single currency will come to stand for wage falls, debt deflation and prolonged economic slumps. Can this stand, however big the costs of a break-up?"

Tout va très bien, madame la marquise ...