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May 31, 2005
De Villepin
Interesting. Very interesting.
What has been more amusing (although only in a sour way) has been the French Left's shrieking on about "social dumping" and "fiscal dumping" within Europe.
It's rather clear France has yet to shed its overweening Napoleonic desire to impose itself on Europe.
Meanwhile, here the event has been met with bemusement. I suppose the real issue the worry this may unsettle the markets over the next several months. It surely will, of course, but I doubt serious flow disruptions.
Have to see what happens when the Dutch add to the No and whether the ham-fisted fools in Bruxelles understand they can't simply berate the electorates.
In the meantime, Italian bonds are looking weaker. Italy is in for a bad time.
Posted by The Lounsbury at May 31, 2005 11:45 AM
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Jan-July 2005
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