Greece Bailout Deal Is Reached

http://online.wsj.com/article/SB10001424052748704608104575219430378257618.html?mod=WSJ_article_related

This is TERRIBLE news for the Euro. One of the most shortsighted policies I have seen since the bailouts of 2008. This is the beginning of the end of this currency. Next comes from Portugal, then Spain, then Italy. This is going to be ugly. They should have let them fail. This sets the precedent that countries are too big to fail. What this does do is possibly bode well for the dollar over the short term, but who the hell knows. The Greece can riot all they want, but it will NOT get them out of this situation. Even with the measures, they are still going to be drowning in debt and will need another bailout, in my opinion, within five years, because they will not do what they are agreeing to.