This is the third in what will be a long running series of Gold Coast Wealth Management’s commentary on the financial markets. These commentaries will not have a formal schedule and will be written when events or market related topics strike us as important.

The title of this letter is inspired by an old political and diplomatic saw we first heard while watching a re-run of “Yes, Minister”, the critically acclaimed and very popular BBC distributed political comedy from the 1980’s. It seems very appropriate given what we’ve seen and heard from Europe in the past six weeks.

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