Comment du Jour

Euro Woes!

The Greek crisis threatens the financial stability of the European Union.

Now the once-vaunted Euro currency seems to be teetering.

German Chancellor Angela Merkel stated plainly, "The euro is in danger. If we don't deal with this danger, then the consequences for us in Europe are incalcuable." Her comments pushed the Euro down from $1.2228 to $1.2145, before it bounced to $1.2190.

Days earlier Chancellor Merkel came under withering domestic criticism when her government finally gave in to what ammounts to a Greek-bailout by Berlin. So the German, French and the Dutch taxpayers will pick up the financial tab for profligate spending in Greece....and likely soon in Spain and Portugal too.