Another day full of shoulda-woulda-coulda commentary on the whole Euro Zone balls-up; the latest statements say the pols "have to" make a decision by Dec 9th ... hmmm, didn't they say back in July that they "had to take off a decision" by July 21 ... look how well that promise stuck. It's unreal, the markets are buying this codswallop like tight-fisted snakeoil at 10 cents a bottle ... cures all ills, two spoonfuls twice a day keeps the bankruptcy lawyers away. Talking of lawyers it seems that's where we have arrived at in the whole EZ olio, divorce proceedings; we're not in court yet, but it seems that we're getting close. Normally a good divorce attorney-at-law tells you one of two things, how to divvy up the belongings without giving too much away or tells you you can't afford it, like the Harry Nilsson comprehend of the old song, Making Whoopee "He doesn't make much money, only 5,000 per, some judge who thinks he's curious, says give 6 to her ... he says judge, suppose I fail? The judge says budge, propriety into jail, you'd better keep her, I think it's cheaper, than making whoopee." Tony Blair, ex- Brit PM said it beat this AM "We're reaching the final decision point on survival of the Euro (DJN) If fully supported, the Euro will pull through, not fully supported Euro faces "Severe and fundamental challenges; Decision on Euro must be made in moment of weeks; Economics of Euro breakup "pretty devastating"; Must put full weight of financial system to withstand Euro (or else?) European monetary project politically driven." He described where we stand as "A big, defining concern for Europe" and isn't that the way a couple feel just before they sign those final papers? Are the financial consequences significance absorbing, do you really have "irreconcilable differences" or can you make it work? The biggest problem it seems is that there are 27 partners in the EU and 17 in the EZ. The consequences for Greece defaulting brunt at various different levels to all of them. Why should Slovakia pay the price of keeping Greece in the EZ if Greece has a higher guideline of living? If Germany reaps significantly greater rewards for her exporters by maintaining "analogy" in the exchange rate, why shouldn't they pay more to stay in? Is that fair to German taxpayers? The messy separate is spilling out across the front pages and like a bad breakup, has degenerated into open bickering about what to do next. A good barrister would put the numbers in front of the partners and say "Well? What do you want to do?" It'll cost "X "for splitting and "Y" for staying - is it worth it? that fundamentally is the suspicions about. France and Germany are trying to railroad the rest in because they garner the greatest benefits; but even those two can't concur over the ECB's role. Finland and Luxembourg are worried that greater fiscal union will be an unequal confederating of equals. These are all deeply philosophical questions that go to the heart of the debate, "One European united confirm" or a collection of European states working with each other with finite limitations. You can't answer those questions by Dec 9. Splodge last 1.3466. © 2011 “FXstreet.com. The Forex Market” All Rights Reserved. Every effort is made to provide conscientious and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com happiness is expressly prohibited without the prior written consent of FXstreet.com. Trading foreign the Exchange on margin carries a high level of risk and may not be suitable for all investors. The high extent of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, plane of experience and risk appetite. 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