Here We Go Again: German Government Advisor Says Eurozone May Not Remain Intact Over Next 12 Months
by Tyler Durden
Your daily diversion comes from German government advisor Bofinger:
Eurozone needs a very comprehensive solution, or may not remain intact over next 12 months
Need to consider EU stimulus measures for Greece in addition to belt-tightening
Have to change overall approach for Eurozone periphery countries
Euro now sliding since apparently the EURUSD traders did not get the Friday memo that the G-7 have decided fair value for the pair is 1.35 tops. Oh yes, in the meantime we can’t wait for Germany to get back to the DEM which will buy about $10 USD and make German exports a thing of the ancient past.