Dutch voters were even more forceful than the French in their rejection of the EU Constitution today:
AMSTERDAM (Reuters) – Dutch voters rejected the European Union constitution on Wednesday, exit polls showed, deepening a crisis in the bloc and possibly dooming the treaty after fellow EU founding member France rejected it on Sunday.
Interview/NSS projected the “No” camp had won 63 percent of votes based on an exit poll to 37 percent for the “Yes.”
What’s a poor bureaucrat to do?
It turns out that this loss of confidence in a united Europe has affectd the currency as well:
The euro fell to its lowest level against the dollar for more than seven months on Wednesday and has lost almost 10 percent since March when polls turned negative on the treaty, which needs the approval of all members to go into force.
Some of my friends who’ve been selling the dollar short against the Euro must be hurting right now.
H/T John Cole.
Nah, the Euro’s a good long term hedge.
Besides, I own UALAQ right now.
I’m sittin’ pretty.
From a bankrupt currency to a bankrupt airline – that’s quite a deal.