Assault on the euro will fail

Over the weekend more news and rumors came out that the euro countries are determined to ward off any assault on the common currency. Some top euro decision maker regard the crisis as a great opportunity to re-establish the "primacy of politics". Those who follow the Soros call well may get a bloody nose in the venture to attack the euro. The next financial market drama is not a Greek tragedy as many expect but the unwinding of the massive short positions against the euro.