Tuesday, 27 September 2011

A Euro Summary

Stock markets are up today so far, on rumours that the EU might at last do something and that the Germans have met up with the Greek Prime Minister George Papandreou to give him a bit of a telling off. Cue lots of grandiose statements as a result of the meeting. But what has changed? In a word; nothing:
  • Greece is still bankrupt.

  • Eurozone leaders are still pretending it isn't.

  • Some other Eurozone countries are bankrupt.

  • Eurozone leaders are still pretending they aren't.

  • The usual 'we have a grand solution' before an EU meeting turns out to be more of the same, with no changes since July's agreement.

  • Greek Prime Minister George Papandreou claims that Greece will rise again with help of his European 'partners'.

  • EU leaders are split on how to deal with the crisis.

  • The solution of fiscal union cannot get pass various Eurozone governments.

  • The EU response to a rapidly moving crisis is being conducted (as always) at the speed of a valium-taking tortoise.
Anyway in the midst of all this economic gloom, one TBF tip*, buy shares in Fuller's brewery. Because when the Euro goes pear-shaped (and despite all the problems it will cause) I will be doing my damnedest to improve their share price by consuming industrial quantities of my favourite ale for days, in way of celebration.

The information contained on this blog post is for information purposes only. The Boiling Frog does not hold himself as providing any legal, financial or other advice and does not offer any advice regarding the nature, potential value or suitability of any particular flawed currencies or investments.

Remember shares can go down as well as plummet.

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