Politicians propose; markets dispose. Last week began with a statement by Theresa May, the UK prime minister, of her plans for Brexit. The foreign currency markets responded by writing down the value of UK assets. The UK is determined to “take back control” of its fate. But formal sovereignty is not power. The UK government announces its intentions. The reaction of others determines results.
政治家提出計(jì)劃；市場決定結(jié)果。上周初，英國首相特里薩?梅(Theresa May)發(fā)表了一份聲明，闡述她的退歐計(jì)劃。外匯市場對此做出的反應(yīng)，是使英國資產(chǎn)貶值。英國決定“拿回”自身命運(yùn)的“控制權(quán)”。但正式主權(quán)并非決定力量。英國政府宣布了自己的計(jì)劃。決定結(jié)果的是其他方面的反應(yīng)。
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