Germany Cries: "Europe Is Coming For Our Money", Greece Promptly Obliges

Moody and s&p need to downgrade Germany ASAP .

But that's the very essence of a family and a fundamental law of nature.
When the children cry, mother will cry also. Father will cry when he comes back from work.

It seems that soon everybody in Eurofamily shall cry in chorus and that would be a historical landmark.

We are quickly reaching the tipping point of this balancing act. Germany,Merkel included ,is coming to realiize that the cost of of infinite and continuing bailouts will exceed the cost of dumping tne miscreant struggling economies of Greece, Spain, Italy, and Ireland out of the EU. At that point reason will again take hold and appropriate action will be taken to separate the wheat from the chaff. The Euro, at first, will tank , then stabilize, albeit at a lower level than currently, while the Dollar will experience a subdued rally. The Swiss will be unable to keep a ceiling on their Franc as it becomes the currency of choice for most Europeans, both corporate and individuals.The trading opportunities are outstanding and boundless. Good Luck.

I doubt that that's what's going to happen "eyeball"...
Yes the EUR will sink a bit as for it is necessary for Europe that happens, in order to export. The periferial countries' currency will get stronger, which will also balance the exporting gap between the West and East in Europe. Otherwise Germany and France will go down! And this is the reason why the CHF won't really be the currency of choice! Even if it happens it will be short lived, because the Swiss will loose exporting ground due to it, and they will sink with it! What I see the outcome again, starting with the 3rd quarter, is that currencies of the BRIC nations will start soaring again. It is a necesity for the US and Europe to slow them down, so that we don't go under. For how long this game going to last? Who knows?!

Your arguement is rational and pragmatic.Markets , however are not. Thank you for your critique. --EB

I'm gonna call EZ: Welfare States, from now on. LOL!

The Gerry's will keep on bucking up if they want to sell thier luxury cars outside of Europe...it's not like it's even a whole lot of money in the big picture...

don't cry baby...

i seriously wonder how can the stock markets reacted so favourably to the latest development from the EU Summit. Where will the money come from? even if the answer is positive, can Germany afford to bailout all the troubled nations within EU? i am really skeptical....

Where are Moody's, S&P and Fitch after the announcement from the EU Summit was made?