Saturday, May 08, 2010

French President Nicolas Sarkozy Vows to "Confront Speculators Mercilessly" via Secret Plan he cannot Reveal

Every time officials in Europe starts yapping about containing the European debt crisis, the market makes complete fools of them. The latest comments from French President Nicolas Sarkozy may take the cake.

Please consider a few snips from the New York Times article Europeans Move to Head Off Spread of Debt Crisis http://www.nytimes.com/2010/05/08/busin ... achma.html

Leaders from the euro zone countries signed off on a support package for Greece on Friday night and pledged to take steps to stanch a spreading debt crisis before markets opened on Monday morning.

During a late-night meeting at European Union headquarters, the leaders described the debt crisis as “systemic,â€