Gone4Good
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 9, 2005
- Messages
- 5,381
Stocks are down this A.M. and the news is full of stories that the "bailout" neither prevents the Euro from declining nor fixes the sovereign debt crisis. These would be valid criticisms if it were designed to do either. Instead it is designed to give countries breathing room to implement their austerity programs. A lower Euro actually helps. The problem would be if countries saw the "bailout" as an excuse to backtrack on the austerity measures. If that happens, then yesterday's plan will have been for naught. But it seems a little premature to call that one.