I start with a slight misquote from Shakespeare’s ‘Hamlet’*. Whether quoted properly or misquoted, it means when you are so vociferously adamant in your insistence about something it is often because you know damn well it isn’t going to happen!
So who is it protesting too much? Well, our disappointing mediocre Chairman of the European Commission, Manuel Baroso, for one. He is adamant that the Euro is here to stay and that all who are in the monetary union will remain so!
Whoops! Batten down the hatches! Get ready for the raging storm!
The Frau’s brilliant idea of involving the Private Sector in the so called Greek bailout (in fact Bank bailout) does not appear so far to be going as planned judging from the frantic pleas, not only from for what passes for the Greek Minister of Finances, but also from Mr Charles Dallara, Managing Director of the IIF (brutally press ganged into this hair brained idea by The Frau) who has warned that should Greece be forced into a disorderly default it would cost trillions!!
So another two protesting too much. But that is not all. Europe is ‘officially’ in recession and looks set to be continuing down this path till, say the ‘experts’ the summer. (Of course that means nothing, the forecast that is. Anything could and probably will happen between now and the summer, for better or for worse!) The Frau might do well to notice such things resulting directly from her utter mismanagement of this crisis.
But perhaps most important of all Lombard Research has come to the conclusion that The Netherlands would be better off outside the Euro. Perhaps everybody would! Only how would one go about untying this Gordian Knot?
Yes indeed. Alexander’s would be the only way. But of course it would hurt. But it’s not as if The Frau’s idiotic ideas are not already hurting and set to hurt everybody far more! Degree of pain? Well. We shall have to wait and see.
But when so many are protesting so much, not least threatening, like the Greek Minister of Finances Venizelos (which is all he ever does. Blusters and threatens us with Armageddon instead of doing his job properly like overhauling our ailing tax system say) then things do not feel reassuring.
*The actual quote being ‘The Lady doth protest too much, methinks.’