The second woe is past; and, behold, the third woe cometh quickly...
Today, some important banks in Britain, the USA and Europe have nose-dived on the share markets.
Here is one example from BBC news:
"Societe Generale lost 12.3%, one of a number of french banks to fall heavily, despite a new ban on speculators short-selling their stocks.
This is designed to stop traders betting that shares will fall, which can drive down values further".
The problem seems to be related to a general fall in stock markets over the past few weeks, to uncertaintly over the future of the euro, uncertaintly concerning low growth and increasing inflation in the western world, and again, yes, uncertainty about the outlook of the global economy.
So, one messenger had just finished, when another messenger came in with tidings of even more woes.
Is this a return to the 2008 banking crisis, have the bankers been at it again?
Or is it just a passing storm in a teacup?
Or is the EU done?
Whatever the case be, it doesn't look bright over the next few days for the stock markets.
It seems there are just too many negative influences raining down on the global economy, and in particular on the EU economy.
Surely, someone has to take the blame, or not?
