Merkel, Hollande to meet as eurozone breakup stories gather steam
Tue, 05/15/2012 - 07:27 EDT - Financial Post
President Francois Hollande will spend his first hours as French president huddled in meetings Tuesday with German Chancellor Angela Merkel, underscoring rising concern that Greece is headed out of the euro
A small dose of reality has set in for a group of European central bankers: Euro Officials Begin to Weigh Greek Exit as Euro Weakens.
Greece’s possible exit from the euro moved to the center of Europe’s financial-crisis debate, rattling markets as authorities in Athens struggled to form a government.
The currency battleground in Europe remains on the same front line, but the infighting has strengthened. France wants QE and Germany doesn't. The idea that ECB can produce nirvana by devaluing the euro is ridiculous of course. Problem number one is the eurozone itself. The euro is fatally flawed. Moreover, France's problem is that it is not competitive with Germany and arguably even Spain, not that the Euro is too high.Nonetheless, cries call out for the ECB wizards to fix something that cannot be fixed by monetary policy.
Greek elections are set for June 17th following the impasse of the last election where no majority government formed.
The "Destroy Greece to Save the Euro" clowns led by German Chancellor Angela Merkel are out in force hoping to turn the vote into a direct referendum on the Euro. The election is of course a direct referendum on the Euro, but Greek citizens are under three Fantasyland ideas.
Three Fantasyland Ideas