Comments on: Markets call euro zone’s bluff on Greek aid Beyond the World news headlines Wed, 16 Nov 2016 20:09:42 +0000 hourly 1 By: kikashi Sat, 10 Apr 2010 15:32:35 +0000 “…This is a test, this is only a test of the Eurozone confederacy. In the event of a real emergency the IMF (i.e. the US and Britain) will come to the re$cue.” All Erozone members need do is support Greek bonds (central bank bond swaps maybe?) while enforcing reforms that bring Greek budgets up to Eurozone standards. This would have the double impact of slowing the speculation driving up the yield on Greek bonds while also showing the kind of cooperation amongst leaders needed to reinforce the Euro as a currency that is here to stay.

The ability of Eurozone leadership to resolve the fiscal problems of its’ own member states has to be seen as a fundamental basis for the validity of it’s currency. But I must say, as a currency trader I do love all the posturing and indecision. It is making for wildly volatile currency markets.