tag:blogger.com,1999:blog-36227136.post153118067782749641..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Doves dominate as central banks show the way ahead in EuropeOEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36227136.post-63645794393045841992013-07-07T03:25:24.450+01:002013-07-07T03:25:24.450+01:00Any civilized people would have locked up these ce...Any civilized people would have locked up these central "bankers" in 1913.<br /><br />We should be arraigning them, not hanging on their every word.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-6693441962124567492013-07-05T17:22:22.045+01:002013-07-05T17:22:22.045+01:00Looks like the whole PIGGS CS club will unlikely c...Looks like the whole PIGGS CS club will unlikely come under fire in the summerholiday. At least directly via the markets. <br />Cyprus, Greece and Portugal (one or more of them) are however likely to play up in that time.<br /><br />They try to bully Cyprus back into its cage. A bit doubtful if that is the best strategy. Anyway these better follow the Greek example: 'empty promises'.<br /><br />Hard to see that Northern parliaments can keep going for the Greek BS they get presented here especially re getting rid of civil servants in decent numbers. Simply no politicl will until they will be forced. Probably depend on the mood of the day and other issues playing at the same time or around it how this will play. IMF will be the difficult one to solve on this file. Ideal time to blackmail their way out as far as possible (just before the German elections).<br /><br />Portugal is walking straight into a second bail out. Likely with PSI (more likely than not I would say, especially as the IMF is also onboard here). Which makes it a sort of selffulfilling prophecy. Rates will go up as a consequence of that until they drive against the wall. probably their banks will be hit hard.<br /><br />Anyway likely some will play before the German elections. And could cause contagion to other countries:Spain, Italy and also France. Riknoreply@blogger.com