Sunday, March 13, 2005

Worth a bet

Courtesy of The Business, we learn that there is a two-thirds chance that the EU constitution will fail to be ratified in all 25 EU member states.

This is according to a report from "leading investment bank" Morgan Stanley, whose Eric Chaney says: "At this stage, it is reasonable to assume that the constitution will not pass at least one of the referendums." And, even if the French vote "yes" in two months, the odds on full ratification remain less than 50 percent according to Chaney's probability analysis.

Got to be worth a bet.

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