Anarchy in the EU

Investors need not worry about who is or isn't in charge of eurozone governments, says Matthew Lynn. As far as the markets are concerned, it makes no difference.

16-4-28-protest-1200

Mariano Rajoy: resurrection not necessary

You might think political chaos would be bad for economies. You would be wrong. Within the eurozone, for example, it seems completely fine not to have a government any more. Spain hasn't had one all year. Ireland has managed without for a couple of months now. The reaction in the bond market? Zilcho. In financial terms, it is about as exciting as a rainy Tuesday afternoon in Eastbourne.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.