Greek slump threatens debt plan, EU aid elusive

A European Union government source said meetings of the region's finance ministers next week were unlikely to put together an aid package for Greece, suggesting governments were still unable to decide how to prevent the crisis from hurting financial markets' faith in the euro zone

Classic example of damned if you do, damned if you don't.

The bailout of Greece, when it happens, either transparent or opaque, inevitably means the bailouts of other weak EU members. The market is smart enough to anticipate which ones. In other words, the market participants will sense fresh meat - trading opportunities for organized pools of money at the expense of the taxpayer-sponsored printing press.

Of course, the disaster in Greece, compares with that of California, New York, and so on, but bias prevents anything more than token and cursory comparison. Rest assured that organized money will always circle fresh meat. Watch for similar beat downs in California, New York, Illinois, that will ratchet up the calls for bailouts within the U.S. Union. If the above is deemed bad for the Euro, the realization that the U.S. Union and EU share a common leg within a three-legged race, it won't be long before the same logic applies to the U.S. dollar.

U.S. Union and EU share a common leg:


Source: finance.yahoo.com