| While in the northern hemisphere, the euro has lurched from one economic crisis to another, in Australia it’s all been sunshine and roses. But could that be about to change?
The biggest restructuring of debt in history took place on Friday to reduce the €206 billion of Greek debt held by private investors. Nevertheless, the notoriously jumpy foreign exchange markets barely flickered in recognition. It’s clear that the markets are still extremely sceptical about the country’s future...............................................Full Article: Source |