I’m getting fed up with all this news about the world
crashing around our ears as I am desperate to get back to blogging about really
important things, like SunGard’s acquisition
of GLTrade or Google’s new mobile telephone.
week I wrote “that was the week that was”, and then I find that this week
was the week that was, wasn’t it?
But this was not
Europe’s dreams. It was Nicolas Sarkozy’s. Sarkozy was trying to get agreement
on a pan-European basis for a €300 billion fund to match the American plan. It
has failed however, as Greece and Ireland have both created unilateral plans.
The bottom-line however, is that whichever way you look at it, Europe’s bank numbers are far more wobbly than
America’s … it’s no wonder Brussels is worried.