Category: Currency Currents

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?

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