As an aside, i thought the comments made by George Soros yesterday were interesting.
He believes that even a Greek bailout, will not relieve the long term pressure on Euro.
Also, the increasing rising debts (=budget deficits) in other countries, such as Italy, Portugal, Ireland and Spain, will be far too large to even consider bailing out.
He called the whole premise of a single currency "patently flawed", due to the lack of fiscal union.
EU and IMF are meeting later this week. His final comment was: "if member countries cannot take the next step forward, the euro may fall apart."
He believes that even a Greek bailout, will not relieve the long term pressure on Euro.
Also, the increasing rising debts (=budget deficits) in other countries, such as Italy, Portugal, Ireland and Spain, will be far too large to even consider bailing out.
He called the whole premise of a single currency "patently flawed", due to the lack of fiscal union.
EU and IMF are meeting later this week. His final comment was: "if member countries cannot take the next step forward, the euro may fall apart."