So it looks like Germany approved today putting on a bigger boot and kicking that can further down the road. Now my view is that Greece and several other European countries are going to need more than just a few months to turn things around; just a gut feeling on my part. Indeed, given their economies, austeritiy measures and the like, I would hazard a guess that a decade or more is not out of the question before they get back to stable. Think about that, a decade or more for the PIIGS to perhaps turn things around. Chew on it. Think about it. Now spit it out. Not a good taste in your mouth, is it.
Just my thought for the day.
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