Friday, May 14, 2010

That is a gun that fires only once...

The dark financial clouds over Europe continue to swirl:
The markets were initially unsettled by news that the French president had threatened to pull France out of the eurozone. The startling threat was made at a Brussels summit of EU leaders last Friday, at which the deal to bail out Greece was agreed, according to a report in El País newspaper quoting Spanish Prime Minister José Luis Rodríguez Zapatero.
The tab for years decades of profligate governmental spending, the "everything is free" mindset and the lack of anyone ever being held responsible for anything, continues starts to come due.

No comments: