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To: KyrosL who wrote (72992)	3/21/2010 10:30:02 AM
From: Haim R. Branisteanu	Respond to of 74559

Kyros, thanks for the correction this also explains most of it. I only wish Papandreou would keep quiet and stop attacking everyone who wants a sound economy. I feel sorry for Merkel as she is chosen by the media as the villain and I do think that she is making the right choices this time - she is a very smart woman more so when compared to the other male counterparts in the EU. The truth is that your suggestion of Greece leaving the Euro makes sense in many aspects, and possible because of that, the bond market demands a hefty premium, but it will work against Greece national interest long term and Papandreou knows that. IMHO he will have no chance but to buckle down and tighten the belt further this will be good for Greece and for the EU in general - I wish he had more brains and instead of wasting time antagonizing Germany and anyone else to go to the business of more cuts and explain it to his people and unions. In the meantime the low EUR is hurting the US exports and unfortunate this administration is happy of the USD strength as they can issue debt with abandon. As to the speculators I beg to disagree – they do flame the fire and makes more difficult for the Greeks to understand that economic fundamentals is what matters and not demagoguery As to the rumors - I think they are only rumors