Sometimes political reality is so far from actual reality that a lateral approach needs to be taken. Here I quote an article written by Bill Fox, Senior Bonds Analyst from EWI, who uses strong phrasing to express the picture he holds of the impossible stance being taken by those managing the eurozone. In particular he focuses on the comments made by Jean Claude Trichet, Head of the ECB in Davos.
Posted on The Tap Blog
Friday, 30 January 2009
Junk Status For EU Countries Lies Ahead