Saturday, 25 June 2011

Euro politicians cannot fool markets

The "founding fathers" of the European project and the bloated edifice of incumbents in Brussels will do their utmost to push towards greater integration...otherwise they would have to get real jobs. Politicians are quite adept at riding the apathy of their electorates and managing to fool most of the people most of the time- so who knows they just might be able to get a more federal system accepted by stealth

The one constituency that politicians are not good at mystifying are market traders and when the true extent of the shaky finances of the Euro system are revealed (useful to see BOE now insisting on greater transparency in this respect) it may well be that the integrationists will not have time to prevent an unravelling of the EZ.

No comments:

Post a Comment