Bond Outlook by bridport & cie, June 8 2011

Trichet agrees with us that federalisation is the answer, too! The movement is underway but with opposition in both the rich North and the poor South of the EU.

Bond Outlook

As we suggested might occur last week, the weight of press coverage has tipped in favour (if that is the right expression) of the USA during the last 7 days, as fears have temporarily eased over bail-out programmes in the euro zone. Yet more needs to be said about the problems of the euro, not least because of the difficulties Finland has in forming a coalition which accepts the need to bail out the peripherals.

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