Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Meanwhile, In France…
I hesitate to dedicate scarce editorial resources to France's budget drama, not because it isn't notable, but rather because in all likelihood it'll end in some manner of compromise.
But considering the extent to which the fiscal wrangling is a reminder of the rolling crisis of government facing (another) one of the world's foremost democracies, it's worth a quick note for those unapprised.
Recall that the great (or not-so-great, depending on how you want to look at it) irony of Emmanuel Macro
“That’s a lot of leverage for Le Pen, and markets don’t love it.”
Quite different than US stock investors, eh?
So I wonder if the French are still thinking the Euro was such a good idea……