The question is being raised about the viability and sustainability of the Euro. With the bailouts in Greece and problems in Spain, the market is starting to look at the Euro with a critical eye and lose faith in the ability of Europe and it’s diverse group of countries ability to function with one currency and one monetary policy.
I personally think that the Euro story is going to get much deeper and there will be a large cascade of problems in Europe that will be shown to the world in coming weeks.
Regardless of anyone’s opinion though, the Euro is falling against everything, and it’s falling at a good speed. Don’t try to catch any falling knifes. We have yet to see how deep this rabbit hole goes.