Thursday, 27 September 2012

Passionate Ambrose

The Editor of the Telegraph has been singularly indulgent, I think, in publishing Ambrose Evan-Pritchard's latest comment on the Spanish crisis. Ambrose is clearly as infatuated with The Lady as a teen, and his piece is from the heart, and in no way bad for that. I can't claim to be immune to the same mooncalf attraction myself.

The stitch-up he refers to, but neglects to explain, is rather more coolly described in the FT. Or the WSJ

Tomorrow (Friday) Spain is due to reveal the resources needed for the new 'bad bank' / 'cleaning up the other banks' deal, following today's radical but positive budgetary measures. The markets, I assume, will wait until then to react.

6 comments:

G. Tingey said...

FT link requires registration & MONEY ...
Errr ....
Please explain stitch-up?
I'm unsuprised there is one, you understand, just which con has been perpetrated this time?

Raedwald said...

Apols - new link substituted

Weekend Yachtsman said...

I assume this Spain business is all part of the beneficial crisis: once the Spanish [political class] have been beaten into submission and agreed to allow Draghi/Merkel/Scauble/whoever to take over their economy, the caravan will move on to the next stage of the project.

Will nobody stop these people?

Span Ows said...

"Desperate men do desperate things."

Indeed!

Anonymous said...

FT access is free for up to eight articles in 30 days.

Anonymous said...

Hmmmm.
Pretty soon the chance of Germany exiting the euro will be high...
Ship.
Sinking.

John