To: managusta
Hadn’t seen this. No reaction in European markets that i noticed. It would seem to be of some consequence.
A quick guess would be markets feel the usefulness has passed in this instance so no effect. While it removes a bullet from the belt for future crises they demonstrated others.
My other guess would be they’re quite wrong about this time around.
4 posted on
02/11/2014 10:07:37 PM PST by
wiggen
(The teacher card. When the racism card just won't work.)
To: wiggen
One reason the markets haven't reacted may be that initially the decision of the German Constitutional Court was described as giving in to the EU. It is only since the beginning of this week that articles in leading (europhile) European newspapers have appeared that provide a different (in my opinion) correct analysis.
6 posted on
02/11/2014 11:01:15 PM PST by
ScaniaBoy
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