Sometimes, it seems as though politicians exist to do nothing but provide entertainment for the masses. And lately, political theater has taken front and center on the global stage.
In Europe, French President Nicolas Sarkozy and German Chancellor Angela Merkel made headlines because of a shared smirk when asked their opinions on Italy’s prime minister, Silvio Berlusconi. Then there was the time Sarkozy told British Prime Minister David Cameron, in no uncertain terms, to shut up. And most recently, the US was dragged into the show, with Sarkozy telling President Obama he thinks Israeli Prime Minister Benjamin Netanyahu is a liar—which was overheard by journalists in another room.
And as the global economy continues to become more intertwined, world leaders can expect to be in the international limelight for a little while longer—at least until they figure out a workable solution to the eurozone debt issues. Because what happens in one country now affects economies and stock markets all over world, and politicians are seemingly becoming aware of that.
For more on globalization and how it affects investing, see Aaron Anderson’s Own the World: How Smart Investors Create Global Portfolios.
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