Monday, 14 March 2011

A rubbish week

It was the week the Arabian democratic dream turned into a nightmare, while Western leaders squabbled about no-fly zones. The week markets suddenly remembered the peripheral Eurozone states still owe gazillions and simply can't repay their mountainous debts. The week Japan faced its biggest crisis since World War II, with tens of thousands dead, towns swept away, and two nuclear plants on the brink of meltdown.

It was also a week that ratcheted up worries about an oil shock, China bubble, Saudi rage, eurozone rate rise, Spanish downgrade, US Treasury bonds, soaring inflation, UK spending cuts and, overshadowing them all, a nuclear catastrophe.