Saturday, August 06, 2011
It's The Politicians Stupid - Don't Blame The Markets
By blaming the markets for not acting in the way that they were expected, EU Monetary Affairs Commissioner Olli Rehn shows just how out off touch he and the "leaders" of Europe really are.
Markets are driven by greed, fear and euphoria; they behave like packs of animals.
The markets know that the "leaders" of Europe, who are on holiday, are not up to the job of fixing the systemic failures of the Eurozone.
The Eurozone, in its present form, will fail; whatever Rehn says.