Saturday, April 13, 2013

Happenings

The cost of bailout for Cyprus has increased from 17 billion Euros to 23 billion Euros and everybody acts surprised. I don't understand why. There are enough precedents now about bailouts in the past five years. The cost of bailout bank related bailout in Spain, Greece, Portugal, Ireland and Iceland have cost more than it was originally estimated.

John Kerry arrived in South Korea and keep warning North Korea that it risks further isolation. Bollocks. North Korea is already so isolated that 'further isolation' won't affect anything in the country. As long as China stands by North Korea, everything will stay OK in that country.

We won't see any war in the Korean Peninsula either.

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