On the money Valin. Germany don't want to return to the DM, because a common currency being dragged along the mud by the weaker economy helps keep their competitiveness up. A return to the DM would see it literally rocket overnight, and global central banks are all about currency devaluation these days.
I think that Greece is almost sure to default on its debt, as the people are not going to elect any party that pledges austerity. If this is the case, finding credit will be like finding water on the surface of mars, which means LNC in SERIOUS trouble (if it isn't already)
There is a very real possibility that LNC will fade into the sea of 'potential-once-upon-a-time' penny dreadfuls.
LNC Price at posting:
59.0¢ Sentiment: None Disclosure: Held
