Yet separating policy impact from all of the other factors that affect market returns is exceedingly difficult (perhaps impossible).
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The other is the very difficult, perhaps politically impossible, supply side reforms that would be needed in the southern economies to get them growing again.
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And perhaps even these become impossible to preserve due to the accelerating pace of man-made ecological changes.
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Not impossible, perhaps, but a tough sell.
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Not impossible, perhaps, but very hard.
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Perhaps unsurprisingly, it has proved impossible for Enel and the municipalities to agree on prices.
But the most compelling reason to think the release is risky, perhaps even foolish, is that it is almost impossible to get the timing of these things right.
Add in a stagnant economy, a polarized electorate, and perhaps some disgruntled Afghanistan and Iraq veterans, and domestic strife seems improbable but not impossible.
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Never mind that Tony Blair had given him a seemingly impossible brief: the prime minister wanted an appointed Lords, not an elected one, perhaps obstinately opposed to the government's plans.
Yet, if France gets in with a deficit of 3.3%, it will be well-nigh impossible to keep out Italy, which will have a deficit in the same range or perhaps even less.
Perhaps the next phone should cater to the uncool, those of us who find using smartphones next to impossible.
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