@14:22, 5/13/12

I am not going to escape to Monomoy or to the Adirondacks this spring.
I have local problems that must be dealt with.

Then there is this:
http://krugman.blogs.nytimes.com/2012/05/13/eurodammerung-2/

"

May 13, 2012, 1:11 pm

Eurodämmerung

Some of us have been talking it over, and here’s what we think the end game looks like:
1. Greek euro exit, very possibly next month.
2. Huge withdrawals from Spanish and Italian banks, as depositors try to move their money to Germany.
3a. Maybe, just possibly, de facto controls, with banks forbidden to transfer deposits out of country and limits on cash withdrawals.
3b. Alternatively, or maybe in tandem, huge draws on ECB credit to keep the banks from collapsing.
4a. Germany has a choice. Accept huge indirect public claims on Italy and Spain, plus a drastic revision of strategy — basically, to give Spain in particular any hope you need both guarantees on its debt to hold borrowing costs down and a higher eurozone inflation target to make relative price adjustment possible; or:
  4b. End of the euro.
And we’re talking about months, not years, for this to play out."

He is still more hopeful than I.

Business of the day has distracted me.   @20:00   5/13/12

Financial crisis latest news

Left-wing leader plays down hopes for Greek coalition

 

The only leader standing between Greece and potentially devastating new elections said he had "very little hope" as he entered last-ditch talks with the country's president yesterday.

13 May 2012

Setback for Merkel as austerity agenda rejected in Germany's biggest state

 

Angela Merkel suffered a major blow last night after voters in Germany's biggest region decisively rejected her austerity policies in a defeat that will weaken her on the European stage.

13 May 2012

Back us, dont bash us, business chiefs warn PM

 

Business leaders will warn David Cameron that attitude to business must change, after they were told to stop complaining.

13 May 2012

| 28 Comments

Britain to share costs of Greek exit

 

Germany has drawn up plans to make Britain pay a share of the multi-billion pound clean-up costs if Greece is ejected from the euro, risking a clash with Downing Street.

13 May 2012

| 379 Comments

The final death throes of the euro

 

The euro crisis is entering its final stages. Economic pain is now interacting with political resistance to produce intense financial pressure. I expect Greece to leave the euro – and perhaps very soon.

13 May 2012

| 148 Comments

Angela Merkel suffers setback as austerity agenda rejected

Angela Merkel suffered a major blow last night after voters in Germany's biggest region decisively rejected her austerity policies in a defeat that will weaken her on the European stage.

13 May 2012

| 40 Comments

Greek 'moment of truth' as talks stall

Greek political leaders ignored a final plea on Sunday from the president to form a coalition government to avert a repeat election, pushing the debt-stricken nation closer to bankruptcy and a possible exit from the eurozone.

13 May 2012

| 69 Comments

Soldiers may be deployed to protect Italian tax offices

Soldiers may be brought in to protect Italian tax offices and other sensitive sites following an increase in violence as the country struggles through austerity measures.

13 May 2012

| 58 Comments

High earners say au revoir to France

As summer draws near, thoughts of the well-heeled Parisian turn to Le Grand Départ.



The Dollar will probably hold value best.  Possibly the Canadian Dollar.
Get professional advice.

jenny8lee
Checking the times until bed.