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I was hoping that S&L would comment on this since he knows so much about foreign exchange.
At least we know that he believes anything that Peter Schiff says about foreign exchange. lmfao

Unfortunately the capacity of the financial authorities to take the measures necessary to contain the crisis has been severely restricted by the recent ruling of the German Constitutional Court. It...

The situation has been further aggravated by the recent decision of the German Constitutional Court. While the court found that the EFSF is constitutional, it prohibited any future guarantees...

http://blogs.reuters.com/great-debate/2011/09/15/does-the-euro-have-a-future/

Does the Euro have a future?
SEP 14, 2011 21:00 EDT


ANGELA MERKEL | EURO CRISIS | EURO ZONE
By George...