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The Evolving Euro-Crisis

In the past 6 days the Euro has lost 3.6%

Euro breaking out to the downside

The new story is the added pressure on Italy as part of the PIIGS:

Credit Risk - Slip slip slidin'

 

Plan A has been to get all Eurozone members to agree on a bailout package for the weaker members.  So far Plan A has been going terribly.  I would imagine that at the crescendo of the crisis, we will see an option for weaker Eurozone members to quietly leave the Euro…

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