by Jerome a Paris
Thu Feb 11th, 2010 at 04:45:50 PM EST
Investors bewildered by EU deal over Greece
The euro plunged in early New York trading as the realisation took hold that the eurozone was “damned if they do and damned if they don’t” help Greece.
This has got to be the end game. When whatever the news are, the "analysis" is that Europe is f*cked (obligatory
), there's little more to say and do. There are no arbitrage opportunities if everybody expects the same woe whatever happens.