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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST
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To: Haim R. Branisteanu who wrote (91487)6/14/2012 7:07:09 AM
From: elmatador  Read Replies (1) of 218633
 
“All resources, all measures, all packages will end up being smoke and mirrors if it becomes clear in the end that they extend beyond Germany's capacity,” Merkel said.

That should have been Germany's position from day one. But Germany misled its neighbors leading them and the market to believe it was in a position to solve the problems by themselves.

Merkel will travel to the G-20 summit in the Pacific coastal resort of Los Cabos as Greece votes in June 17 elections that may determine its fate in the euro region.

Merkel pushed back against her critics, pressing the U.S. and Japan to reduce their debt, urging China and other emerging economies to make exchange rates more flexible and saying the world must “resist the temptation” to spur growth with deficit spending.

bloomberg.com
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