• Fiscal situation in US “is very dangerous”
  • Trichet ” acts like a German, is extraordinarily experienced and has done the right thing” as ECB chief…
  • Inappropriate to view US as an isolated market
  • Sees France as a “safe investment”
  • North Europe single currency would have worked
  • Understanding Europe is essential to US events
  • Greek borrowing rates are “not sustainable”,
  • “Greece is broke”.