Category: Currency Currents
- Published: 30 September 2010
- Written by Editor
European Officials: “Oh please oh please oh please oh please ...”
Really, that’s what this Eurozone fiasco has morphed into – quiet desperation.
Officials -- whether those heading up Eurozone member countries, the IMF, the EU or the ECB -- are all holding their breath and hoping that something they do, some of their economy-restoring and debt-reducing strategies, actually sticks.
The reason they’re holding their breath: the success or failure of these bailout measures are almost entirely out of their control. What will make the determination?