Wednesday, July 27, 2011

EU CONFUSION REGARDING THE AMBIGUOUS GREEK DEAL IS CAUSING MORE MARKET JITTERS

Shares in leading Italian banks Intesa Sanpaolo and Unicredit fell sharply as the yield premium on Italian government bonds over benchmark German Bunds widened.

"The lack of clarity on the new role of the EFSF and the execution risk involved with the EU plan are weighing on the market," said Gavan Nolan, an analyst at credit default swap data provider Markit.

... EU officials say the lack of "verbal discipline" among eurozone policymakers, and the need for governments to reassure divergent domestic audiences, has created a permanent cacophony that has aggravated the eurozone crisis.

THE EURO-POLITICIANS CAN'T GET THEIR STORIES STRAIGHT BECAUSE THE DEAL THEY MADE IS BAD AND THEY DON'T WANT THEIR OWN PEOPLE TO KNOW IT, SO THEY'RE ALL LYING ABOUT IT.

NIGEL FARAGE PREDICTED ALL THIS YEARS AGO:

No comments:

Post a Comment