July 30th, 2012 → 8:05 am @ // No Comments

    “Thus the native hue of resolution
    Is sicklied o’er with the pale cast of thought,
    And enterprises of great pitch and moment
    With this regard their currents turn awry
    And lose the name of action.” – Hamlet

Last week there were more rumblings from Europe that the Euro will be saved!  (This time from European Central Bank president Mario Draghi).  All well and good, but to be honest, I kind of doubt it.  I’ve already written a few blog posts about the poor handling of the Greek debt situation.  Along with that goes a poor understanding of what it takes to really make the Euro work.  If the singe currency doesn’t break apart in the next couple of years – and no reforms are done to better unify the European economies – then there will be more troubles in the years ahead and eventually the Euro will break down.  Repeated “announcements” with no firm action are worse than useless.

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