ECB Raises Rates and France Meltdown Begins While Todos Santos Snoozes
The European Central Bank hiked interest rates over Middle East supply shocks while French bond markets suffered a catastrophic fiscal panic. Back in Baja, however, the only rate hike anyone cares about is the dollar-to-peso exchange rate at the local Oxxo. As European civilization teeters on the brink of sovereign debt collapse, expats continue their heroic struggle to find a functional hammock in the shade.