Europe Reels In Shock As Politician Tells The Truth

This is an interesting little signal of how politics really works over here. A minor Dutch politician told everyone the truth about Europe’s banks and banking systems and immediately European bank stocks dropped by 4%. This showing quite how it really is all a game of confidence at present, all just smoke and mirrors. As Felix Salmon points out, it isn’t that what was said was wrong. Quite the opposite in fact: the difficulty was that what was said was absolutely correct and true: