Tuesday, September 2, 2014

Dennis Gartman on Germany sanctions on

Russia’s further incursions into eastern Ukraine create enormous problems for Europe, and especially for Germany, for there is no choice now but to increase rather than decrease the sanctions in place against the Russian, the impact of which shall hardly be felt by the US but shall egregiously be felt by the Germans and the French.

[French President] Hollande and [German Chancellor Angela] Merkel are already in difficult political straits; those straits are becoming more dire by the hour. We do not envy their positions even slightly,” Gartman added.

via Fastmarkets