A probable solution for the EURO Crisis...The Euro may/can still be a viable and important world currency IF Germany would finally agree to a proposal to accept Eurobonds as a solutiion...All other Euro countries have tentavlvey agreed to such a move, but Germany is still a hold out, at least so far....However The rapid, almost panicked rise last week of interests rates in an Ita;ian bond offer has placed new urgency on the Germansy to someway act to stem these riseiing rates, and the possible collapse of the Euro...
Euro meetings will be taking place very shortly to try for all to agree on new so called Red and Blue Eurobonds...as the name implies Red, will be riskier Bonds with a higher interests rates, and Blue would be the normal secure bonds, like today, of courese but with lower interest rates than today, since the threat ofEuro collapsee will be lessend...Merkel,s hero is Helmut Kohl, who brought in the Euro system,and have a very realistic and generous reasons, statiing that Germany,s added responsabilites in backiing up the Euro,was to make up and balance caused by the German War...
I believe this Euro Bond Plan ,provoding Germany agrees,will indeed save the Euro, at least for a long while, and will help greatly taise the Euro to a viable/credible world currency, which will give a good run to the US$, which has its own set o HUGE debt problems, that need to be solved quickly, or the World will shun the US# in the same way...
All thiese matters effect positively on GOLD, as the world begins to feel a sense of lack of confidence in paper currencies will continue....There will be nowhere to put your moneys in hard assets, except GOLD...
GOT GOLD??? GOT PDG???....
Mellow99