Euro Rises on Optimism Over Greece

Given that the Greek government has been softened up for several weeks by way of numerous threats and apocalyptic predictions emanating from the IMF, the ECB and the EU's council of ministers, it is high time for the "good cop" to show up and promise that more good money will be thrown after bad to keep protecting the country's creditors – even if only in the shape of a rumor.

The official decision on the disbursement of the next tranche of loans by IMF/EFSF to Greece is only expected later this week, and the bigger decision regarding what to do about the fact that the Greek government is unlikely to be able to tap markets by 2012 is expected to be handed down in late June, but obviously something needed to be done to avoid markets getting bent completely out of shape until then.

Note EU-Digest: why are we so worried about what all those robbers on Wall Street think about Greece? They were the ones , under the leadership of Goldman Sachs, which created the problems there. All they want to see is the demise of the EU and the euro and how they can continue to enrich themselves over the backs of the taxpayers.

For more: Euro Rises on Optimism Over Greece - Seeking Alpha