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The "Markets" may have finally smelled the coffee...or rather the acrid odor of burnt buildings and autos...wafting from the depressed...and now torched areas of London...after the attacks of feral punk youths.
The New Austerity may bring...new turmoil.
Duh...you think?
Not every nation will take its bitter medicine...like a docile Latvia or Ireland.
Some may get...all Greek about it.
"If you'd asked me at the weekend, I would have said that with the problems of the euro zone and U.S., (Britain's) sterling (currency) might be poised to become an appealing safe haven," said a banker.
"This has certainly shaken that... it's probably still too soon to say what it means for policy, but it certainly makes austerity look more difficult," he added.
"Across Europe, we've already seen some incidence of civil unrest," said another analyst. "There's definitely a likelihood that similar scenes might erupt when austerity cuts really start to be felt."
