- Further extreme sovereign debt volatility in Euro zone
- Risk more members forced to seek EU/IMF aid
- Confidence in bank asset quality falling in periphery, weighs on ratings
- Euro zone debt crisis is systemic, reflects concerns on viability of euro as well as country-specific vulnerabilities
- Mixed messages from policymakers adding to fragility of investor confidence
Sounds about right, for once…
EUR/USD is easier, now at 1.3423.