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Do we really need constant market gossip?

Taking a look at the news, something became apparent to me about the patterns of the Christmas period against the rest of the year.

It wasn't recurring Christmas swims in freezing temperatures or the abundance of stories of people helping others that we just don't seem to get the rest of the year.

Rather, it was the absence of the bleak economic news that struck me.

For Christmas, the markets took a break. By extension, we got a break. There was no news from Greece about their impending default, little talk of Merkozy's ever-tightening grip on Europe and even the Government kept relatively quiet about our own situation, and, to my mind, all because the big, bad, anonymous "markets" briefly disbanded.

What's more, in spite of the lack of economic speculation, no countries entered a financial black hole, which is exactly what we are told would happen were it not for those glorious financial institutions.

In light of the fact that the monetary world can still function without persistent criticism, it's fair to wonder whether or not the world needs such speculation about its finances.

KILLIAN FOLEY-WALSH

Kilkenny

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