Europe is starting to implode

Right on schedule.

www.businessinsider.com...

Spanish Voters Will Force The Government To Dissolve Before Major Austerity Measures Can Be Passed

Spain's ruling Socialist party, led by prime minister Jose Luis Rodriguez Zapatero, has seen its popular support collapse.

The current financial crisis and a backlash against proposed austerity measures are taking their toll:

Reuters:

A poll conducted for El Mundo newspaper by Sigma Dos showed on Sunday that the opposition Popular Party (PP) would take 45.6 percent of the vote if an election were held now, 10.5 percentage points ahead of Zapatero's Socialists.

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www.businessinsider.com...

French Budget Minister: Keeping Our AAA Rating Will Be A "Stretch"

Budget Minister Francois Baroin indicated on Sunday that France should not take for granted its AAA rating, which allows Paris to borrow relatively cheaply on international markets and finance its big budget deficit.

"The objective of keeping the AAA rating is an objective that is a stretch, and it is an objective that, in fact, partly informs the economic policies we want to have," Baroin said.

"We must maintain our AAA rating, reduce our debt to avoid being too dependent on the markets, and we must do this for the long term," he told Canal+ TV in an interview.

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It should be quite the week!

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oh yum, good stuff... love doom covered in ketchup...

Something definitley going on.

Just went on to my online trading account in the FX market, obviously to dump EUR.

Got the message, trading has been temporarily suspended!!! please try later!

BIG spike in the USD:GBP follow my an immediate slump!!

weird goings on!

And fans of the European socialism model say the US should follow Europe. HAH!

A belief in social entitlements brought down Greece and is bringing down the rest of Europe, and will bring down any country adopting socialism.

reply to post by Dbriefed


Don't be silly, it's not "Socialist" it Bureaucratic.

Just like the Federal US Government is to State Government,

if anything I would say that Europe was trying to copy the American model.

reply to post by JakiusFogg


I have to disagree, my friend:







The music says it all...

reply to post by JakiusFogg


Hi Jakius,

There are holidays in both the U.K. and the U.S. today - trading will be thin and spikes could be occurring on the back of that in cable.