The Eurozone is, to put it lightly, in a bit of a pickle.
Last week, the President of the European Central Bank, Mario Draghi, said that he will do whatever it takes to save the Euro. Today Mr. Draghi is expected back up those words with substantive proposals in his monthly speech. Since the markets now have come to expect Mr. Draghi to propose major reforms, anything short if it is likely to only increase the speed at which the Euro is falling.
As Mr. Draghi proposes his policy solutions he should also keep in mind that dissatisfaction and skepticism over their Eurozone project is growing on the continent. These are some numbers from Germany:
Some Germans may want the ECB to take decisive action, but according to the same TV station, most Germans want Greece to exit the euro.
The poll, which was conducted by Infratest dimap and seen by Bloomberg, showed that 65pc of Germans want Greece to leave the single currency, while 84pc thought the worst was yet to come.
Mr. Draghi is expected to speak today at 6:45 am EST.