Wednesday, October 12, 2011

Slvak vote will clear Greece rescue

Euro jumps as Slovak vote, economic worries ebb

NEW YORK (Reuters) - The euro rose on Wednesday to near one-month highs against the dollar and yen on hopes that Slovakia eventually would approve an expansion of a program seen critical to combat the euro zone debt crisis.
Comment: Pressure is up for the Slovaks to give in, and they will. With the financial umbrella in place and with the green light given for the next tranche, there is no reason to worry anymore. As I said so many times before, the Greek drama is really a farce and the Greek tragedy a made-up nightmare. The media circus will now move on to scare another gullible crowd.

No comments:

Post a Comment