Here We Go Again: German Government Advisor Says Eurozone May Not Remain Intact Over Next 12 Months

Tyler Durden's picture

Your daily diversion comes from German government advisor Bofinger:

  • Eurozone needs a very comprehensive solution, or may not remain intact over next 12 months
  • Need to consider EU stimulus measures for Greece in addition to belt-tightening
  • Have to change overall approach for Eurozone periphery countries

Euro now sliding since apparently the EURUSD traders did not get the Friday memo that the G-7 have decided fair value for the pair is 1.35 tops. Oh yes, in the meantime we can't wait for Germany to get back to the DEM which will buy about $10 USD and make German exports a thing of the ancient past.

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