Euro Bailouts –

Another round of bailouts will end the possibility of the Euro being a global reserve currency.  Ireland is likely to be the first in a string of bailouts that could include Portugal and Spain.  Spain is the biggest concern for the EU because of the size of their economy and the amount of foreign bank assets in the country.   

To read a related Barron’s article, please click here:

http://online.barrons.com/article/SB50001424052970203984204575634312409683410.html?mod=BOL_hpp_dc

Jim Sutliff

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