Ann: Market Update - Debt Advisor , page-18

THE Bookies have taken a "no bet" position on greece leaving the Euro - its only when that is in question. the hope is to consolidate spain and italy before kicking greece out. this mess will take years to clear up. Germany is playing for central control of all national budgets which is the only way to prevent these debt problems in the future, but god knows how they will get the others to hand over control. its not just a debt issue but more a political one.