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Markets have it tough with democracy

Share prices fell sharply on Monday mainly in response to the political and democratically legitimate decisions in France and The Netherlands as well as the recession in Spain. The volatile financial markets obviously have a hard time with democratic decisions, the liberal weekly Sol writes: "The fall of the Dutch government and the victory of the Socialist candidate Hollande in the first round of the French presidential elections were the decisive political factors in this new round of market jitters. ... The crisis was diagnosed and treatment prescribed by the German-French mandate and meekly accepted by other countries. ... Now it is affecting not just the economically fragile countries with high levels of state debt like Portugal or Greece but the heart of the eurozone: mighty France and the inconsiderate Netherlands. Chickens ultimately always come home to roost."

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Más de la revista de prensa sobre el tema » Política financiera, » Mercado de finanzas, » Economía, » Portugal