DON'T BE FOOLED BY STOCK MARKET RALLY AS EUROPE STUCK A 'BAND AID' OS A DEEP WOUND!

EUROPE BUYS SOME TIME….

27 October 2011 by Cullen Roche 17 Comments

Let’s not sugarcoat tonight’s “resolution” – this is merely a temporary measure that will buy them more time to resolve the true cause of the currency crisis.  Let’s take a brief look at some of the key points of tonight’s statement (read it in full here):

“All Member States of the euro area are fully determined to continue their policy of fiscal consolidation and structural reforms. A particular effort will be required of those Member States who are experiencing tensions in sovereign debt markets.”