Euro: Staring into the abyss
Jeremy Stretch, head of FX strategy, CIBC, London
The politicians are still reactive rather than proactive, which is part of the problem. They fail to understand the speed and movement of the financial markets and still think they are in charge of the process by having their emergency summits. Eventually the markets will force the politicians to accept what is inevitable: that the European Central Bank (ECB) will be forced to come to the aid of the eurozone through massive bond buying, however
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