Market Troubles - Eurozone

Guardian: Reports the following on the dive in the European Stock Markets, “ sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling ..”. At its core folks its politics vs. economics, a hidden bomb in the system is the French elections, the French left candidate is leading, he has promised massive Government spending, taxing the rich, the usual left rubbish, while the Conservative Government of France has been following a austerity plan to keep the bond markets off the back of France. If the left win in France and the Coalition Government in Greece does not get re-elected expect the Euro to go over the cliff. The French Left has made it clear that it will want fresh talks on the recent EU Treaty, it will want to tax UK Finance sector, thus expect another bloody EU meeting. The left in the UK and the EU don’t get the fact that the welfare state model is over, its very success has killed it, at its most basic, there are a lot of old people and fewer working younger people. The costs of health all over Europe can not be kept at its present level, the NHS has billions and will want more billions, it never ends. But all things end folks, even the Welfare State, and the Welfare State is no Roman Empire, it wont be for hundred of years.