in a letter to clients late last week, Morgan Stanley warned that Germany may leave the euro and the EMU and that investors should be prepared for this event.Read the complete article here
To force a consensus on the Greek bailout
Sarkozy demanded a "commitment from everyone to suppport Greece...or France would reconsider its position in the euro," according to one source cited by El Pais.and
"Sarkozy ended up banging his fist on the table and threatening to leave the euro...This forced Angela Merkel to give in and reach an agreement."So, perhaps Morgan Stanley was wrong?
Mrs Rigby hasn't a clue what's going on, because there doesn't seem to be much in our newspapers, everybody's distracted by the new coalition government.