Comments on: EU positive contagion hinges on growth Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 By: Willvp Mon, 14 Jan 2013 19:54:33 +0000 Dig a hole to fill the first hole and so on. Brag about the hole being filled but don’t mention the new hole.

Increase in Revenue?? where? what country? Austerity equals lower revenue.

Early signs of positive contagion? Uuuuh? Do you dare to go and explain that on a Spanish market square to the locals? Let us know the outcome after you left hospital.

Optimism? yes, one by one, the EU’ers with their fat wages come in the news to tell us that the hole is filled. Problem? we don’t believe them.

By: reality-again Mon, 14 Jan 2013 17:29:52 +0000 Hype, lies, wishful thinking, more hype, more duct tape applied to fix a crumbling structure, kicking the can a little further down the road to nowhere, more hype, more lies, another charm offensive…
Meanwhile, in the real world, there’s no sign of anything improving in the Euro zone, and there are more signs of things getting worse, e.g. France.

By: paulos Mon, 14 Jan 2013 13:25:01 +0000 The ECB and IMF are doing a great job of talking down the bond markets without actually doing anything or spending any more money. The reality is however ( see today’s figures ) that there has been no real change on the ground and indeed things are getting worse. It is important to check what is causing account surplus’s as it may be that less is being spent than a growth in income. During recent visits to Greece and Spain my reading is that the decline shows no signs of slowing and that political instability is growing. The ECB have decided on a charm offensive and to publish only the best report they can and ignore the bad news.