Peter Schiff Report 17 June 2011 : Germany's Merkel now caves in Greece , accepting the idea that the Greek creditors should not bear the lion share of the losses , this is positive for the Euro which rallied today , the European politicians are not any better than the American politicians all they want is less pain for everybody so that they get reelected , the Europe rose sharply today , this means that the euro will rise against the dollar , now the euro has become like the dollar , investors already know that there will be bailouts when needed nobody can default of euro bonds , Europe will crank up the printing presses just as the FED does with the dollar
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