Monday 7 May 2012

Good News... Bad News... (III)

The Good News in France...

The Bad News...

It depends on the answer to these two questions:

How likely is it that the "socialist" Fran├žois Hollande will actually justify the adjective and do something good for his country and Europe? Unlikely: he's a socialist in name only.

However, the Holy Markets already spoke: ASX is afraid, very afraid, which in cases like this, if irrational, is predictable:
"The Australian sharemarket took a heavy beating today, as fears the French and Greek election results could derail the collective response to the eurozone debt crisis sent spooked investors running for the exits.
"The benchmark S&P/ASX200 index plunged 94.7 points, or 2.15 per cent, to 4301.3, posting its biggest loss since mid-December. The broader All Ordinaries index fell 97.8 points, or 2.2 per cent, to 4361.6." (See here)
You know how it is: to mention the blasphemous S-word is like praying to God during the exorcism of young Regan MacNeil.

And who's going to end up seizing power in Greece?

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