If Europe is on course of disaster then why EURUSD is trading so high......??
IMF to Germany: Europe is on course for disaster
Through its recently published World Economic Outlook (WEO) and statements by Christine Lagarde and other top officials, the IMF has taken the position that Europe is presently on a course that will lead to economic disaster. According to the IMF, unless Europe undertakes a drastic reversal of policy - from austerity to stimulus - a 1930s style economic depression will be the result. The IMF View The recent World Economic Outlook published by the IMF projects that, unless Europe radically reverses its current austerity policies and applies massive doses of monetary and fiscal stimulus, the eurozone will suffer an ... (full story)