Monday 10 May 2010

Apropos my previous blog

So a deal has been stuck in Brussels for a rescue fund to bail out weak economies in the eurozone and save the euro. Will it be sufficient? The next few days are crucial. As I see it the problem is that in Germany it will add to the government's problems given the economic difficulties the country is in. The German electorate is in no mood to help others.

Even if the measures announced in Brussels this evening work in the short-term the longer term consequences are difficult to forecast. I foresee a period of serious unrest in the summer.

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