Yep, April was definitely going to be a sellside trigger for many financial markets especially euroland... I'm waiting to see how holland will maintain its AAA credit rating. As usual euroland is fixed goes the swan song since 2010... At least the Spanish PM was frank enough last week when he pointed out that the LTROs didn't fix anything in euroland. And for this reason I expect one sarkozy to be kicked out in the upcoming french elections. And they're many elections in euroland this year...
Quote:THE HAGUE, NETHERLANDS—The Dutch government, one of the most vocal critics of European countries failing to rein in their budgets, quit Monday after failing to agree on a plan to bring its own deficit in line with EU rules.
Queen Beatrix’s office said she had accepted the resignation of Prime Minister Mark Rutte and his Cabinet after Rutte informed her talks on a new austerity package collapsed over the weekend.
http://www.thestar.com/b...f-talks-to-lower-budget
Meanwhile the pharaoh-land will likely be the new persia after they cancelled the gas deal with Israel. Things are frothing as expected.
Quote:Israel, which relies on Egypt for 40 percent of its natural gas supply, worried about facing further energy cuts after a series of sabotage attacks on the pipeline running through the volatile Sinai peninsula contributed to shortages.
Israeli Finance Minister Yuval Steinitz expressed "great concern" about the suspension, saying it had set "a dangerous precedent which casts a shadow on the peace agreements and the peaceful atmosphere between Egypt and Israel".
http://www.reuters.com/a...s-idUSL5E8FM2XZ20120422
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!