Friday, July 13, 2012

eFXnews : Euro Area To See The "Darkest Hour Before The Dawn" - Goldman Sachs

eFXnews : Euro Area To See The "Darkest Hour Before The Dawn" - Goldman Sachs:

The crisis is likely to get worse before it gets better, but that will prove to be an agent for change. If things work this way, we will see the ‘darkest hour before the dawn’. On fundamentals, progress is being made. Countries are adjusting, although painfully in several cases. And institutions are being developed which will improve Euro area governance. But this process is, by its nature, slow. 

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