The markets don't like instability and they don't like uncertainty.
More Quotes from Peter Mandelson:
At the present time there is not enough consensus amongst the players about how we can reach this ambitious outcome,Peter Mandelson
There is no benefit at all for us taking these parochial fights and these past divisions onto the European stage.
Peter Mandelson
If the constitutional treaty is rejected it will be back to square one, just at a time when we want Europe to be a more effective force for good in the world, when we need to buttress ourselves against the pressures and insecurities of globalization.
Peter Mandelson
There is progress in agriculture, even though we are still looking for further commitments from others. However, this progress is not matched in industrial goods or services. This lack of balance is a real problem and points to the ground we need to make up at Hong Kong.
Peter Mandelson
Our meeting has been useful, not in narrowing the differences but in defining them, ... I feel we have done everything we could reasonably be expected to do in agriculture.
Peter Mandelson
It would have been disastrous if he had been forced to ratchet back what the EU has put out so far. We hope the member states are giving their negotiators enough space that they can respond effectively to what we have put on the table.
Peter Mandelson
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