CATÁSTROFE ECONÓMICA

CATÁSTROFE ECONÓMICAE POLÍTICA diz hoje o Eurointelligence Briefing - 20Oct 2010

It's not only poor old me who says it... It's a huge thinktank!

Have a nice day, dear friend.

By the way, the briefing confirms elsewhere that the ... (Portugal, Ireland, Greece and Spain) do have a «sovereign deficit problem», and Belgium is next, this month probably.

Eurointelligence News Briefing

Madama Oui
There is uproar in Germany, and in several European capitals over Merkel's secret deal with Sarkozy over Germany's total surrender on the stability pact;
Juncker says agreement is of limited value;
Rehn says it has no relevance;
Stark says it was disappointing;
sanctions requires a qualified majority in the council;
procedure is only moderately tightened; there will be no concrete targets on debt either;
Germany's FDP accuses Merkel of shifting her position;
Wolfgang Munchau says the deal is a typical reflection of Merkel's confused euro policies;
Frankfurter Allgemeine accuses Merkel of a total surrender to France;
six out of ten French support further strike action;
the approval ratings of Silvio Berlusconi and his party are falling steadily;
dollar rises against euro, ostensibly due to the rise in the Chinese exchange rate;
eurozone spreads revert to previous high levels;
Mervyn King, meanwhile, is very, very gloomy about the world economy in the absence of monetary co-ordination.
.Eurointelligence Briefing Note

What man gets in the way of Axel Weber?
By: Wolfgang Munchau
Axel Weber, of course.