Schizophrenic Euro Routing

Germany made it clear that there’s ‘no alternative’ to a bailout, yet the euro isn’t happy. Despite rallying on previous bailout expectations, it now appears that euro investors have little confidence in German assurances of a bailout.

WSJ: Germany is considering a plan with its European Union partners to offer Greece and other troubled euro-zone members loan guarantees in an effort to calm fears of a government default and prevent a widening of the credit woes, people familiar with the matter said.

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