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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