Euro jitters

As the IMF team arrive in Greece, things look glum for the Euro currency. German Chancellor Merkel, was reported as arguing for market interest for bail-out EU loans this morning at between 6 to 6.5% yet bond rates this evening have risen above 7%. One report, linked here, has the whole pack of cards falling within the next two months! Short term pain, or perhaps something closer to agony, could be the only long term hope for the benighted former nations within the EU!