How Many Bleedin' Times Is This?
17/10/11 -- Here we go again. It's a Monday. The markets have started the week a bit firmer. Guess why, go on, you know you want to...You will be entirely unsurprised to hear that it's on hopes that EU leaders will finally get their sorry fat useless backsides into gear and come up with something, a bit of paper to wave in front of the TV cameras, anything, to say "look we know what we are doing, and we've all agreed on a plan and we're going to stick with it and be proactive and sort the bleedin' European debt crisis out once and for all."
This momentous event is expected to take place this weekend. Throw in the words "decisive" and "clear answers" from the French finance minister and everything looks great doesn't it? On paper.
Except that I don't think that many really think that Europe's debt problems are going to get sorted quite that easily somehow. Delaying the inevitable is more likely to be what this weekend's meeting is all about. Meanwhile the grain markets are destined to be left in limbo for another week it seems.
