Petro One Energy Corp CUDBF

Euro falls on worries of deepening debt crisis

[cavedude]

"German Chancellor Angela Merkel told journalists after meeting in Berlin Wednesday with Italy’s Prime Minister Mario Monti that Germany might increase its contribution to Europe’s bailout fund to send the message that European leaders are ready to ease the crisis."

https://www.cbc.ca/news/world/story/2012/01/11/euro-falls-fitch-warning.html

 

It's a long, drawn out process, but at lease Europe is showing signs it is taking their impact on the over all economy seriously. So many European countries in need which is not good, but at least steps are being taken.  At the end of the day, Europe knows it can't just allow its economy and the Euro to slip into the abys. The sooner they get this sorted, the sooner the market can recover and push us towards a bull market. Lots of knee jerk reactions in the meantime and this unfortunately will and does affect the North American markets as well as the Asian.