Keith
Keith Hudson, Saltford, England http://allisstatus.wordpress.com
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Shares in Europe and America started dropping immediately at 2.30pm
yesterday as soon as the newly-appointed Mario Draghi spelled out
that he was going to do his job properly. He was going to run the
European Central Bank according to the Treaty which set it up in the
first place and not lend money willy-nilly to Eurozone governments.
During the night, the 17 Eurozone leaders have scraped up 200 billion
Euros from somewhere (10-fold less than is really needed) in the hope
that Mario Draghi will loosen the ECB rules a little bit and also
that the IMF, America or China might chip in with more money today.
How likely this might be is what investors will be deciding this
morning. If they are of the same mind as yesterday afternoon and take
their money elsewhere then we can reasonably imagine that the
Eurozone will seriously start crumbling today and through the week-end.
