Everything is managed. First US has crisis, then Europe has crisis, then US, then Euro. THEY are taking turns using the media et al in managing the decline of their currencies. It's all choreographed. We all new Spain, Portugal, Ireland etc. were coming.
Does that mean California and Illinois have suddenly found billions of dollars and are on their way to solvency. Not a chance in heck.....
All spin, all the time!
MB