Monday, September 12, 2011

Pound up on the Euro, French Bank shares drop by 10%

The ECB, having lost its German Chief Economist on Friday, must be relieved at the moment, as not yet seen as just one more over-committed French bank, as all their shares plunged 10% this morning! Read here.

Even the pound sterling, suffering under the combined mismanagement of both the Conservative and Liberal Democrats, after many years of probably criminal incompetence and mismanagement by the Labour Party, (as confirmed by Alistair Darling MP for all the main beneficiaries in his Edinburgh constituency) rose to exceed 1.17 to the euro.

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Blogger James Higham said...

Imagine where the pound would be if there had been sound economic management by a proper government for the past 14 years.

5:07 PM  

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