[Travis McGee]

For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen.

"Never believe anything in politics until it has been officially denied."

~~Bismark

[unkus]

Never believe anything in politics until it has been officially denied.”

~~Bismark

---

How true!

[Cowboy Bob]

"Never believe anything in politics until it has been officially denied."

~~Bismark

Truer words were never spoken...

[SteveH]

great riposte

[RegulatorCountry]

You know, I’ve been suspicious of the Euro currency all along, and do not care for it at all, it’s a complete contrivance.

However, it appears to me that the shrill warnings do not match up with the behavior of exchange rates. Friday close, Euro was approximately $1.32. Trending down but nothing extraordinary, a seven week low.

I’ve always thought it pays to watch what people do and not what they say, especially politicians and businessmen. There’s a big apparent disconnect right now. That could all change rapidly, but as of now it does not look like the money is on a Euro collapse.

[SunkenCiv]

Thanks, that’ll make a great quote for this week’s GGG digest.