(Bloomberg) - The euro fell the most in two weeks versus the dollar as Moody’s Investors Service said it will review the ratings of European Union nations after last week’s summit failed to produce decisive steps to end the debt crisis.
What amazes me is that the Europeans just, simply do not get it. They seem to not understand the gravity of the situation they are in.
Unless....unless...this is the plan by Germany to break away from the Euro. It looks like they are saying ...you guys have to shape up or the Union is not going to happen. This is the first point.
The second point seems to be that the private investor has to pay the piper. Not like in the US that the taxpayer had to pay for the so called good of the nation.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
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