Readers of any business news have been rewarded of late at good coverage of the Euro bloc and its finances and politics. Do we care? Does anybody outside of Europe care? Why don't the Brits
care? The big meeting Saturday in Brussels, Belgium, was intended to demonstrate that European states could settle their financial markets by agreeing to terms intended to improve sovereign debt problems and reassure investors that they are serious this time about reform. Well, it didn't really happen. Lots of smoke and mirrors, lots of rhetoric, but not much else. Economists and academics agreed it will take 2-3 years to finalize any binding agreements among the nations in the Euro zone. Great Britain refused to sign on board, no doubt reflecting her reluctance to accept the Euro currency in 1999. It was more the idea that the City of London, Europe's anointed financial center, would remain so. Without that guarantee, London opted out.
Does this affect Tahoma and the West Shore? Of course. With the fate of the Homewood Mountain Resort in the hands of would be investors/developers, the world of high finance directly affect the future of out lakeside habitat, for better or worse.
Stay tuned.
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