Labour huffing and puffing changes nothing
WILL Joan Burton scare the horses? So far, the huffing and puffing of Joan and Alex White – her rival for the Labour Party leadership – have hardly caused a ripple in the financial markets. Irish bonds are still trading below 3 per cent.
Stockbrokers are watching the Labour Party duel with a wry smile. They understand. Pretenders to thrones need to gild the lily. Coded messages about more spending are par for the political course. Once the Labour leadership ballot closes on July 4, the rhetoric may remain the same but little will have changed.
Joan is a bit of a loudmouth, but she has never resigned from anything. Alex is a loser, a pussycat in the middle of a muddle. It will be back to business as usual on July 5.