“The euro zone is inching towards a new plan to tackle its debt crisis in a three-dimensional game of chicken among all the main players. The European Central Bank’s heavily qualified offer last week to step in and buy bonds to bring down the borrowing costs of Spain and Italy was the latest gambit in this game,” Paul Taylor of Reuters writes this week in an all encompassing analysis of the Euro Zone economic situation as it is this summer. Taylor continues, “Expect things to get worse in the markets, in political arm-wrestling and perhaps on the streets of Athens and Madrid before decisive action is forthcoming in late September.” Read full article here. | Raymond Matt, CFP, CLU, TEP, CHS
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