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Follow on Google News | Eurozone to Possibly Write a New TreatyThe Eurzone may have to rewrite the treaty that brought them all together. They may have to exclude certain monetary weak nations from the new treaty. The outcome of the EU summit will dictate the future of the Eurozone and the world economy.
By: Presentation Multimedia Recently, Greek citizens began withdrawing money from their accounts which in reality furthers Greece's problems by pulling out liquidity that enables banks to create loans. This action by Greek citizens further weakens Greece and put an increasing strain on any economic growth that could come out of the ability for the banks to lend to new and existing small banks. Speaking of the common European, no German citizen will accept a bailout of the broader Eurozone. Feelings like this are causing small flare ups in Nationalism. Parallels to WWII are not so few and far between but the possibility of war is still quite slim. We will continue to monitor the situation in Europe as it develops. We will be keeping a close eye on the ECP and the upcoming EU Summit. # # # Cashmechanics.com is comprised of a small group of professional traders who make their primary income from trading. They have been trading currencies, equities, futures, and options on a full time basis for more than 5 years. Cashmechanics.com LLC is registered with the National Futures Association as an Introducing Broker, Forex Introducing Broker, and Commodities Trading Advisor. The NFA registration number is 0412057. End
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