european debt crisis, page-16

Hi All,

Thank you all for your responses. As always, this has been an informative discussion, with points argued for both sides.

I think bumskins was able to articulate my concerns that were raised in the article. The counter arguments from MF and Mihal were logical and plausible.

The only point to which I would make a specific comment is from Nectar38, who wrote "Germany and France will continue to support the PIIGS and their debt..."
Sorry, but this is simple incorrect for a number of reasons. I strongly urge anyone who is of this mind to read the article, as listed in my opening post.

In my mind, I still think it prudent to keep a close eye on the Euro for the medium term CCC SP, however, for the long term just keep an eye on your increasing amount of AU$ :)

Rodda.