Thursday 29 September 2011

No Surprises

In news as unexpected as seeing bears heading towards the nearest wooded area clutching newspapers, the German parliament has backed the expansion of the European bail-out fund, in an apparent 'crucial' vote this morning.

This is the same package that was discussed in July - it's only taken a couple of months. Meanwhile the Eurozone crisis has moved on, The vote is irrelevant.

Italy has paid a record Euro-era high for bonds, the Greeks are still revolting, oh and Spain is still in trouble.

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