Chart – Euro priced in US$ from FT. The words falling off a cliff spring to mind. Click chart.
Not writing any politics for a day or two. Run out of steam. Busy with other things. How many excuses do I need?
Markets are starting to twig that Germany isn’t interested in bailing out the PIGS. All holy hell is commencing. If you hold Euros and Sterling, flip to the US$ or Yen is what I’m being told to do. The sham of European Unity has not been faced up to by politicians so the markets are doing it for them.