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The markets have rallied

How often do we hear that phrase now?

The ‘markets’ are like a bouncing ball.

A country reaches crisis point and markets dive.

The European Central Bank, the IMF and the EU broker a bailout and markets rally.

The effect is only temporary and the country again reaches crisis point.

Markets dive again.

Really it is time for all sane and rational people to realise that the vanity project that is the Euro is on its death bed.

Nick Cohen put it very well in the Observer yesterday “Eurozone leaders cling to the single currency as if it were a tribal fetish. Not even the descent of southern Europe into ruin can shake their faith.”

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One Response

  1. Must be nice to have just one scapegoat. We have 535 over here. 🙂

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