The candies did not deliver what they promised, - because the "markets" do not want them. The rating agencies don't want them either. Too bad...
Maybe it would have been better if all participants would have decided to establish their own rating agency:
"MOODY & POUR".
After all that are not that rating gurus but their clients asking for wanted estimations.
No one can deny the buzz the Cannes Film Festival creates – it really is tremendously seductive. But how will the glitzy resort cope when a far more sombre circus comes to town: the G20 summit? The simple answer is: it can not!
Streets are empty. Shops are closed. Movement is restricted for the security of a few. Local residents, living in the so called security zones, have to have special IDs to leave their districts.
Dead-Ends in Cannes
The glamorous and easy-going Riviera resort of Cannes has turned into a fortified camp this week. The local business is down to zero. Most shops are closed and will only open next Monday.
Traditionally, November is a quiet month along the Riviera. Many of the restaurants and hotels tend to close after the summer season. They made their money and don't care too much about the G20 summit; so the majority of restaurants do not offer any service at all.
The motto for the G20 Summit: "New World, New Ideas" was designed to help French President Sakorzy in his re-election next year, but this agenda has been detonated by the Greek referendum.
While I'm writing rumours of Mr Papandreou's imminent resignation circulated all day. Earlier it was reported that he was on his way to meet the president to offer his resignation, but the Greek president has now gone home and not meeting Mr Papandreou tonight.
Sweets on the G20 under the motto "New World, New Ideas" is running under a cloudy sky. No Sun here. Greeks have sun enough so they get a candy.
If such candy will be enough to keep the Greeks going, or if they will vote during their referendum to leave the Euro-zone is still not clear.
Clear today is the motto under which the G20 Summit was planed: "New World, New Ideas" has vanished and is replaced by a battle to keep the Euro intact.
“We won’t let the euro be destroyed. We won’t let Europe be destroyed,” Sarkozy said after the emergency talks Wednesday ended in an ultimatum that Greece either comply with the economic rigors needed to stay in the euro zone or prepare to withdraw from it.
Instead Of Letters, I'm Writing This Blog.
A picture may say more then thousand words,- language is still the tool of thoughts.
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