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Thursday, December 08, 2011

Another Day, Another Euro Crisis Summit

As the "leaders" of the Eurozone gather in Brussels for yet another "crisis summit" to save the Euro, the markets are waiting expectantly for the ECB to announcer a rate cut today.

Live streaming of the ECB press conference (14:30 CET) can be viewed here.

As and when the summit is over, and the rate cut (if there is one) announced, will the crisis be over?

No.

There is no coherent plan in place or in draft to resolve the inherent flaws with the Eurozone structure.

We can expect many more "crisis summits", as such the best option is for people to invest in the firms that provide the catering and accommodation for the participants!

1 comment:

  1. Anonymous4:58 PM

    Countries in the eurozone are like dolphins in a trawler's net - someone needs to cut the net open.

    ReplyDelete