Here Is Europe's Initial Attempt To Derail The EUR

Some headlines out of a freshly striking Greece, which is doing all it can to remind the world, suddenly, that things in Europe may go full circle back to the conditions from May:

  • PAPANDREOU SAYS CONCERNED ABOUT GREECE GOING FORWARD
  • GREECE IS STILL IN A STATE OF ALARM, PAPANDREOU SAYS

And here is G-Pap reprising in his role as the US president:

  • PAPANDREOU ASKS GREEKS TO CAST A VOTE OF HOPE, CHANGE
  • PAPANDREOU ASKS GREEKS TO REJECT CASTING VOTE OF PROTEST

Either this is an attempt to reincite a EUR currency panic, or just simplistic fear mongering to prevent an all out rout in advance of the local elections in November. Our take: a little of both.