Registered: Jan 2006
10-25-11 08:09 PM
Quote from antelope:
I bring it up again because it really describes european politicians.
Sarkozy laughs about the Italian situation?
OECD report government DEFICIT: (2010 2011 2012)
Germany -3,3 -2,1 -1,2
Italy -4,5 -3,9 -2,6
France -7,0 -5,6 -4,6
Numbers don't seem to mean anything to markets, until someone at a high level points out the collapse of the French banking system and the enormous deficit.
I'm afraid Merkel+Sarkozy love to insult Italy and other countries only to show a scapegoat to their own dumb electorate, but they never read this paper from the BIS. That's the Bank of International Settlement, the central bank of central banks.
They better shut the f*** up and think about their own budgets, before the market does it, sooner or later.