Hopefully, by the time we open Monday, we MAY have some constructive announcements out of Europe. IF the Europeans can take a genuine European Collective Approach to addressing the sovereign debt issue, then our market MAY have the basis for a sounder footing compared to recent days. I understand both the governors of the European Central Bank and G7 Finance Ministers are to hold hook-ups on Sunday their time.
It's interesting to think, that this "crisis" may provide the platform for a more genuinely engaged Pan Eurpoean approach - which could give the world a "new" economic management tool and take key aspects of the wider EU to the next level.
