C6H12O6
Registered: Jan 2006
Posts: 291 |
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.
http://seekingalpha.com/article/252...-of-public-debt
They better shut the f*** up and think about their own budgets, before the market does it, sooner or later.
|
