Vinod, Currencies and stock markets go up and they go down but there's no doubt about the way things are heading astrologically. Spain is in even more dire trouble than they have admitted with a very nasty two or three years ahead for them. The general view is that Greece will default on its debts no matter what is being said. The EU bank stress tests due late July are now deemed worthless since they won't really uncover the real problems. And there are still ongoing constitutional fights in Germany about whether any of the EU stimulus plans - which effectively expect Germany to foot the major part of the bill for the feckless sud-Medders - are legal. Which they aren't since they have driven a horse and cart through the EU Treaty. hide Marjorie's posts
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