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Fall Season in the Euro Zone: Calm Before the Storm?
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Fall Season in the Euro Zone: Calm Before the Storm?

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Fall Season in the Euro Zone: Calm Before the Storm?

The fall has heralded a period of relative calm in the euro zone, but economists and analysts are warning that the current lull could be followed by a storm later in the year.

More on CNBC...

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Virtual Calm before a Very Real Storm

Come on you Yanks, I know you’re all starting to use our Autumn these days….

The calm was a smokescreen to cover the fact that even in the middle of the deepest recession since the mid-70s, the Europeans (including those that had a job to do like the politicians, ECB, EU etc.) still insist on taking virtually the entire Summer off. So Rajoy pontificates about Spain not needing a bailout (yeah right) and Wiedmann pretends to go along with Draghi’s OMT (not a chance) and the ESM is all squeaky clean with Euro500bn ready to go, Except, we’re none too sure if Ireland and Portugal should/should not be retro-funded from t. We are pretty much used to these guys making statements and then finding out that nothing, nothing at all has been tough through.

However, it was the Summer and nobody else in Europe was particularly interested because they were on vacation/holiday too.

But as the thread title suggests, Summer days are gone and bods are once again looking for some real solutions and the markets are going to start to react in incomprehensible ways, just as the US slows down in the 2 month lead up to the Presidential Elections. European leaders (are there any?) will be looking for the US political circus to be grabbing the headlines. They certainly don’t want the limelight on them.

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