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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