Tuesday, May 15, 2012

This is the EU battle- primacy over markets

“the primacy of politics over markets must be enforced.” Angela Merkel 

This may represent all that is wrong with the current environment between governments and markets. Governments want to control markets which are often messy  and hard to contain. What is the purpose of government if they cannot control? What is the success of any policy if it has to take its lead from the markets. The objective of policy-makers is to stop markets from signalling what is rally at risk.

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