The Virtual Parliament Speaks!

I knew my recent Third Estate post would date the moment it was put up, and now the Markets have spoken!

There's been 'relative calm' on sterling after Nick Clegg made satisfying noises concerning a Lib-Con coalition, and the FTSE 100 bounced this morning just a bit. The main reaction has been concerning the crisis in Greece; the cost of a Greek bond has plummeted since the E.U bailout was announced.

So, all that worrying for nothing?

No. A positive referendum by business is no better than a negative one; and the elite view remains - that business has a right to vote on elections with the threat of economic retaliation, and to decide the actions of foreign governments.

According to our brave news media, this threat of a run on the pound is hovering over the heads of the party leaders during these negotiations. They've been tamed for now, but there's only so much uncertainty they can can stand. Perhaps their success in making ordinary Greeks pay through austerity measures gave them a pleasant morning. Bastards.