Monday, May 7, 2012

The Beginning Of The End?

Are we starting to see the beginning of the end of the Eurpoean Union? I have written off Greece for some time now but with the election of the Socialist candidate in France, the 9th EU leader swap, we may be adding other countries to the list. The new leader wants more ECB lending, flood Euros into the economy (20 Billion), tax the wealthy and lower the retirement age - sound familiar? Accepting the bailout money but refusing the austerity measures, so when will Germany be forced to throw in the towel? A fresh round of uncertainty is sending the Euro lower and giving a boost to the US Dollar and Bonds.

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