The Germans are Rattled (and so am I)

Dear Angela Merkel has done a complete U turn in less than a week about a bank transaction tax. (See TimesOnline Here)

This looks like another desperate ploy to try and shore up domestic German support for the the Greek financial bale-out.

If that falls apart then all hell will break loose.

Meanwhile the Stock market is in a tail spin. The Euro has nose dived against the dollar (as has the already heavily devalued Pound) and in the USA jobless figures are going the wrong way.

In South-East Asia, North Korea is threatening war against anyone who criticises it for murdering 46 South Korean sailors.

Just to round it off the BA strike is back on.

Blimey! Anything else about to turn sour?

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