Well, all 27 of them got to Brussels today for what was thought to be a relatively quiet summit but which almost immediately took on a new feeling of unnerving concern if not crisis.
It started with the bickering between Angie and Frankie about what was to be the agenda, new demonstrations in Greece which produced a death and a rumor that spread like wildfire that the Brits had pretty much decided that they were out which of course was welcomed by Frankie and his gang who immediately started jabbering that it would be a good thing. That was until a NEW rumor began that Angie was far less concerned about the state of the UK whether in or out, and far more concerned about the state in which France found itself. The manner in which Frankie reacted I am told indicated that he might be concerned as well. Funny how the French always react badly at the truth, but then again I did mention last week that things were getting a bit dicey along the Champs Elysee.
I not sure anyone expected big things out of this meeting but unless this mob makes nice-nice to each other by tomorrow afternoon, the markets may restore their view that all is not well in Euroland and begin ignoring the ECB put, or to put it another way (clever, eh?) start taking advantage of it realizing that it is the only game in town. I'm going to wait and not speculate. Tomorrow, then.
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