Friday, March 30, 2012

Probe the underpinnings before accepting EU Firewall headline number

Bloomberg TV is reporting from Copenhagen that the Euro fire wall will be €934 Billion, a suspiciously precise figure, especially given the Finnish Finance Minister's remarks earlier, that anything over €800 billion would be a struggle for his nation.

FXStreet is using that number as its own forecast, linked here. That figure is also used by the Irish Times quoting the Austrian Finance Minister, read here.

The crucial point which will probably only truly sink in as next week advances, is that all these statements come from individual who hold positions which have made a mockery of both truth and economic statistics since May 2010. Nothing they can erect will either work or restore their totally lost integrity!



Blogger James Higham said...

Yes, a most interestingly precise number. Tallied on what?

And when?

4:25 PM  

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