Moment of Truth for Greece, from Gary Rogan
The euro is getting a little bit too strong for the export-minded Germans. I think they (the ECB, not the populace) will find enough kindness in their hearts to save Greece and whoever else is in trouble in the southern zone one more time and coincidentally increase the supply of euros and save their own banks. Three birds with one stone! Can't get much motivated than that, especially when everyone from BOJ to Brazil is competitively devaluing.