Politicians and non-elected maquinistas are still trying to figure out how to make the still-borne EFSF (European Financial Stability Facility) walk, or better, fly. A month after the “miracle of Cannes”, the trumpets of victory over the debt crisis have fallen silent. Instead, the first EFSF bond issue after the G20 summit ended up in…

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There is one simple rule for investors: avoid all things beginning with “Euro-“. Eurotunnel ended in bankruptcy. Eurodisney was a disaster for public shareholders. And so the Euro itself is following the same path. “Euro” birds European politicians are faced with one problem: none of their plans to end Europe’s debt crisis has worked. Absolutely…

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