Why stocks and bonds slumped — and market volatility soared — after Fed
meeting
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Stocks and bonds sold off after the Federal Reserve ended its policy
meeting Wednesday with a new set of economic projections that pointed to a
potentially...
2 hours ago
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They had made a clear calculation: that Italy's political system needed tearing up and cleaning out. They cast their vote for Mr Grillo's movement because they had lost faith in the old political caste.
ReplyDeleteIn Brussels, there was silence or the knee-jerk rant against populists or clowns.
Mario Monti was the darling in Brussels and Berlin, but Italian voters rejected him
What there was not was an understanding of the desire for fundamental change, or of the growing despair that Europe is not working.
Mr Grillo is full of flaws and risks and contradictions but he understood the disaffection and rage coursing through not just Italy but much of southern Europe.
'Failing' prescriptions ....cont/-