EU deal announced

[Skybird]

Originally Posted by Oberon

How ironic...Greece now seems to be running the EU, not Germany or France or Belgium, but the Greek people...

Interesting times....

No, money investors are running it, and have already decided, if assessing the flow pattern of investements. The Eurozone will split, at least, possibly like this graphic shows that they have taken from Fitch, and Bloomberg.

Dark blue means hard-currency core euro countries, light blue means soft-currency secondary euro or independent currencies. Note that France also already looks finished, and has negative prodcutivity balance this year as well (-2%). Germany has a plus of 6%, but seems to be set for a recession now.