your very optimistic on the Euro, it wasnt that long ago the Australian economy was looking sick until Keating started putting sensible systems in place
I think the powers in Europe are quite happy with the current system, ie France and Germany running the joint, this may be the opportunity these two need to get more control over the Euro countries, so they come in, act like the saving good guys and dictate terms to other governmnets, this seems like a German French utopia to me
what would save the Euro countries, printing money, banking regulation, deposit guarantees, managed defaults, bond holder haircuts?
looks like the Greeks are accepting change is needed but are trying to get the best deal possible, I would do the same, they know that you need money to opperate schools and hospitals, when push comes to shove they would be mad not to fold, especially when they are getting handouts, I suspect this crisis wont have a turning point for a few years yet
MYG Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
