July 4, 2012

Euro In Short Term

"The crisis in the euro zone may be easing at long last, Standard & Poor’s said, citing the agreements reached last week by European leaders as important steps toward ending the chaos that has led to questions about the very future of the 17-nation currency zone.", Relief May Be In Sight For The Euro Zone, Standard & Poor's Says, New York Times, July 4, 2012
Remember, S&P was one of the rating agencies giving bonds backed by sub-prime loans an investment grade rating. It is true that the current chaos may subside as a result of the recent agreements, however, the core issue of creating a political union is unresolved. More

2 comments:

  1. This is a very bold and risky statement. I am counting on better minds than yours to solve the problem

    ReplyDelete
  2. Michael J.: Will the "better mind" please come forward....quickly!

    ReplyDelete