Greece Sinks Into Despair: There's Nothing Here

President Van Rompuy addresses to the press conference of the Eurozone Summit, Brussels, 23 October 2011 (Photo credit: President of the European Council)

No election outcome in Greece will reverse the flight of capital from the Euro zone's weaker members and the Euro in general. While the world markets rose on speculation that central banks stand ready for coordinated action  yesterday, they could just as easily reverse those gains in the future based on reality that Germany will not be swayed by quick fixes and the historical tendency of sovereign nations not to cooperate and coordinate proactively.  ... Continue to read.

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