Smoke and mirrors (2)

Follow up to my post yesterday: http://kentcommunityactivist.blogspot.com/2011/12/smoke-and-mirrors.html

The markets were not impressed by the ECB loan fund.

See:  http://www.telegraph.co.uk/finance/financialcrisis/8971573/ECBs-489bn-loan-to-eurozone-banks-fails-to-calm-markets.html

http://www.telegraph.co.uk/finance/comment/damianreece/8971513/Eurozone-zombies-follow-Mario-Draghis-cheap-money.html

May be why the French are being friendly again, now that part of the French solution to the eurozone crisis has gone down like a lead balloon.

http://www.telegraph.co.uk/news/worldnews/europe/france/8972506/Frances-war-of-words-with-Britain-is-over-says-French-foreign-minister-Alain-Juppe.html