Three makes a trend right?
- Angela Merkel almost dared traders to go short the euro, telling a newspaper that Greece would threaten to buckle the currency.
- ECB chief Jean-Claude Trichet said today that interest rates will remain super-cheap.
- Nicolas Sarkozy said this past weekend that he wanted the government to take a more active role in currency manipulation (i.e. make the euro cheaper).
Gee, what gives? Maybe they all saw ugly December numbers — like the production data out of Germany — showing a return to recession. They’re freaked out about jobs going to low-cost United States.
Either that, or it’s just a total coinicidence that the three most influential players in the EU are all talking about this right now.
Your pick.
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See Also:
- German President Angela Merkel Just Dropkicked The Euro
- Uh-Oh: Now Germany Looks Like It’s Double-Dipping
- Thomas Friedman Tries To Give Short-Selling Advice To Jim Chanos