EUR move Exaggerated?

Market need time to digest the downgrade of Euro-zone? They are sickening stupid or they are in denied that they can pull this out. Risk-on speculators don't want to let it go because they used to enjoy the rally. The fact kick in on their faces but still noone seem to believe it.

The media will always have to print stuff , regardless if its fact or downright bad science fiction, they have to keep throwing stuff at the public in order to justify their miserable existence, and there is no easier ride than for them to join a shit wagon and add even more shit to it, the fact that everyone is publishing the same crap , gives them the sense of security that everyone will eventually believe BS just because it gets repeated over and over again.Surprisingly enough , it works perfectly well because there will always be people (for lack of a better word, which would most likely be offensive)that believe everything the media throws at them.
Common sense on the other hand , suggests that the Euro is here to stay, and yes there may be a small chance that Greece goes back to the Drachma , hell Portugal, Italy and Spain might even follow them, if it does come down to it being absolutely necessary so they get a relief from the overpriced Euro in comparison to their former respective currencies, in order to get their economies kick started again.However, the Euro despite it being a lot more pricey that the Drachma and the Escudo , Peso etc , it certainly is not more expensive than the Deutschmark Mark was , is and will be, and this is why the Euro will be kept at all costs, Germany is the powerhouse behind the EZ economy who will have the final say in the matter, and they have benefited immensely from the introduction of the Euro (possibly at the cost of the other countries yes), so given the unlikely probability that one or maybe even a couple of the EZ countries abandon the Euro, if anything it will only serve to make the Euro even more stable , as the remaining countries left are the ones that got their act together where their finances are concerned.I would even go as far as to say that this outcome of eliminating the weak links to create a stronger chain is the precise strategy here, hence the resistance by teh Germans for QE , and by so doing , IMO they are positioning the Euro to become the next reserve currency, as soon as the media whores get bored with Europe and focus on the US's hyperinflation due to the prolonged running of their printing presses as well as their Unsustainable Debt.
Being a stable and strong currency is not about not having weaknesses and falling at times, but how it gets back up, the conventional method of printing ones way out of trouble has proven to be catastrophic before and will prove just as bad this time, the Euro is getting a lot of stick simple because it refuses to go down the road signmarked FAIL.

Amen! Those who can, do. Those who can't, speculate & teach.

agree...

Europe cannot become a credible reserve currency until there is a true United European Monetary Union, let alone overtaking the USD's status. Right now, it's like trying to herd a bunch of schizophenic cats on crack.

She just mentioned about 2 hours ago that since EU already got downgrade then she doesn't think that the bail out money for EU should be increased.

The EUR is the best thing that has happened in Europe in a long time.... IMO if its managed well, it has the potential of over-taking the USD as a major reserve currency... This is why some pple think that a currency has started.

They must give up the efforts to save EURO. EURO must go. It is unsustainable currency. Ilusions must go away...

USA is AA+ as well, should the $$$ be abandoned too rigpa? If you think the Euro is unsustainable you're just plain stupid.

Well , market is waiting that Merkel say something in order to renew optimisam and all what was done by SP will be dismissed....OK Merkel, show up ...

USA is one country...EZ has 17 different countries as of now ,different by any means...and that is big difference even USA has AA+...

The Euro is allegedly very sick and has been for years. It is also if you listen to many geniuses about to break up...Yet it is at 1,27 with all this disastrous media coverage. When the news improves where will it be? 2 dollars?

I couldn't care less if EUR is going to parity or will be major reserve currency...I made my pips today...

You try to say the EUR is sick and that it spans 17 countries with varied economical backgrounds. The USD is pretty much the same, you think all the states are all on the same level? Look into it and you will see that some are just as bad or worse off than certain EU countries. The euro doesn't need bravado and flamboyant moves, the steady painful and dreadfully long moves at play, if they succeed, stand a better chance of solving some of the EU's fundamental problems. Say what you may but the euro has improved our quality of life (us Europeans I mean)