July 20, 2012

SOMEWHERE, BUSH AND CHENEY ARE SMILING: Investors Abandon Western Europe, Head to… Iraq? “The euro mess has driven several large fund managers away from places like Spain, Italy and France and into the debt markets of the likes of Serbia, Hungary and even Iraq. To some investors, the vulnerability of these small and politically tenuous states is nothing compared to the quicksands of the Eurozone.”

Ah, that old Chirac photo never fails to amuse.