The tradeoff for the Germans accepting eurobonds will be much stricter meddling and controls of peripheral countriesī economic policies, so I donīt think it will be that difficult a sell. I really believe cynically that the Germans know this is the end game, but are making the PIIGS sweat it out so they can get a much more forceful deal in the end...
).Also, by puting the PIIGS against the economic wall, the Germans are getting new governements that are much more aligned with their economic views as one after another, profligate governments fall by the wayside. If you think about it, it is a masterful stroke. A peaceful Coup de Etat in the irresponsible European countries. If, as I think, Merkel and Co. are behind this every step of the way, they will deserve a medal when its over.
And, Yes... Tom D Trader, Goldman Sachs is probably behind the whole thing...
).
Please call me Tom. For the first, I am kinda young guy and for the second D is supposed to stay for the (yet noone got it so far
Pst... Goldman may be watching us. You know Goldman, we know about you. And we will tell on you.
Well this is what happens when Merkel says "No" to the Eurobond. Imagine what will happen if she said yes...
[i]LONDON, Nov 24 (IFR) - The euro has taken a hit on the back of German Chancellor Merkel's disclosure that she "has not changed position on eurobonds, doesn't think they are necessary" (Reuters), with EUR/GBP dropping to test 0.8603 (Asian session top). 0.8615 was the traded high after French President Sarkozy revealed that "France and Germany will make joint proposals in days ahead to modify EU treaties" and that "proposals...
I always interpreted it as "Tom the trader"
as I aint going long for sure. Maybe on summer once I come to Malta.
