RSS

Sarko & Merkel save the World – yet again

10 Oct

“France is reluctant to use taxpayer money to rebuild its banks’ buffers.”

This of course is completely misleading. What the writer means is, “France is reluctant to use FRENCH taxpayers’ money to rebuild its banks’ buffers.”

As such of couse, it is a brilliant coup. Don’t you so admire the great French leader’s efforts to ensure that HIS country doesn’t have to pay for its own banks’ stupidity, but that the cost falls on everyone else? WOnderfully sopcialist (Is Sarko a socialist?) “spreading-of-the-pain”

Well done Sarko – true “European” thinking. You must be proud.

So, Merkel & Sarko have once again saved the world, except that we won’t know exactly how for some considerable time. The only question is, how great – on part performance – is the deadly duo’s “trust” factor? Will the markets immediately start “reinvesting” in all these failing countries’ economies knowing that Germany will after all pay up or will they roll about on the floor laughing at yet another failed Franco-German stitch up fiasco?

What’s your guess?

Advertisements
 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: