Been moving up steadily all day and since they announced they were ok missing their deficit targets a few days ago.

>   
>   (email exchange)
>   
>   On Tue, Mar 13, 2012 at 1:48 PM, wrote:
>   
>   But that’s OK. I’m sure they’ll make good next year!
>   

Give me a euro loan today for deficit reduction tomorrow?

2 Responses

  1. The Netherlands will probably also ask for less deficit reduction. The minority govt is not likely to get the required support to ratify the December pact if Brussels does not give NL some extra space now as exception. Looks like more and more members start realizing that it was a suicide pact in December.
    If 12 members ratify then it will come into force anyway.
    Looks like it’s all not a done deal yet.

    1. @walter,

      Instead of the Euro, it should have been called the Eurpwned.

      I wonder if Spain could load up on Euro loans, then surrender to Gibralter…

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