RE: EU's actiongood info, thanks. they should have acted sooner on this but they probably thought it would all blow over.
now that they see its a problem the will in all likelihood go nuclear on the bond market and pull out all the stops to get this sorted.
i like the language they are using. they sound like they mean business “We will defend the euro, whatever it takes,” and “When the markets re-open Monday, we will have in place a mechanism to defend the euro,” French President
Nicolas Sarkozy said. “If you don’t think that’s significant, you haven’t been to many EU summits.”
if they back up their words with some good action the rally that we may get could be huge.