Slope of Hope Blog Posts

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Reality Sometimes Bites

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ES had a bit of a retrace yesterday as some of the good news at the end of last week unravelled. The Greek talks have collapsed for the moment, and may well fail as it is plainly in the interests of Greece to leave the euro and default on their debt, rather than continue to destroy their economy by trying to stay inside the Euro. The Ukraine ceasefire seems to be failing as the main parties involved seem to have assumed that the ceasefire would not apply in areas where there is currently much fighting. Any agreement involving the Russians, who gave a firm treaty undertaking in 1994 to guarantee Ukraine’s sovereignty and borders in return for Ukraine giving up their extensive nuclear arsenal, has major credibility issues in any case.


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