If the Germans manage to hold the line, and insist on a full IGC, we really are looking at two-years plus before a resolution, even if Germany manages to avoid a constitutional referendum. (...)Pressures in the UK are mounting for the Conservative PM, David Cameron, to make good on his referendum promise. But the UK is not the only country that may see a referendum.
And then there is the question of whether the markets are prepared to wait that long. Ambrose reports on massive capital flight from the eurozone, and by the time it is realised that treaty negotiations are going to offer no immediate (or any) relief - as ZeroHedge seems to have done, it is hard to see the markets remaining stable.
Second Chamber MP for the Dutch Socialist Party, Harry van Bommel, entreated the world to a tweet saying:
GroenLinks [Green Left] also wants a verdict by the population regarding the future of the euro. Together with SP, PvdA [Dutch Labour] and [Wilders'] PVV that is a majority. Let's have that referendumCould this be true? Could this be really true?
My hearts all a-flutter, but my head tells me: 'You've been let down before, remember?'. We'll see how this goes. Hope springs eternal, as they say.