It is always a disappointment to hear a national leader making farcical statements such as, "we won't allow the euro to fail". Sarkozy made this pronouncement only this week. Believe me, once the impetus of it's slide gets out of hand, there will be nothing that he, or anybody will be able to do about it. Just a couple of additional national failures should push it beyond redemption. Followers of the international markets will know that these could be any two from a number of struggling economies.
Should our Government decide to promise financial assistance; it could be the straw that breaks the camel's back.
WHAT IS WRONG WITH INDEPENDENT NATION STATES?
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