The Euro Teeters on the Precipice
Crunch time for the euro. We are about to give up the ghost for the embattled security. It is right where it has teetered before two other times, and at the very moment of max despair, which we are bordering on, Germany let it be known that there are plans and that no one should panic.
This time I don't know. We just had a meeting, and it looks like we got the good news of bank safety nets, but because we have nothing new for sovereign debt, you need to have some way to buy that debt without losing on the currency, so it is easy to see why you would sell the euro and buy, say, some Italian paper and get a nice return, if you could somehow limit the loss if the euro went up....99 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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