A weaker euro is a perfect medicine to battle the ongoing financial eurocrisis. China, Japan and the US won’t be very charmed by the developments but have no money to invest and/or back-up the troubeled euro. Printing more euro’s prove’s deadly with already to many euro’s in circulation. Raising taxes will undermine consumption. The only fat cows left are the retirement funds, but those are already under attack by the government which are robbing their own citizens of their rightfully saved assets. Euro bonds have no chance because not even a fool will by those under the actual circumstances.
iNews – AA 2002.