About time....in all honesty they should have gotten on this a few years back. The US got on the right track pretty quick.
Hopefully we'll see a nice rally in the markets next week, Asia has some stronger numbers, commodities are going the right way, durable goods orders are increasing. I think the market is stronger than a lot of people give it credit for right now.
Greece is in a bad spot and it sucks to be in Greece right now, but you cant tell me their politicians and bankers et al didnt see this coming. A retirement at 52? A pension plan with more people taking out then paying in? Massive social programs?
Greece lived pretty large for a bit but its time to settle the bills, its unfortunate this debacle has hurt the entire Eurozone and caused such havoc in the markets the last 7 months but its good to see its getting its act together anyways.
Lets hope this is the turning point for a nice bull market with metals and mining as the king.
Rogue,