Doing the rounds at the moment are some conspiracy theories that Germany will not allow a break up of the EU. As unpleasant and un-PC as it sounds people are saying that they are in the process of getting what they've already gone after twice but this time without firing a single shot...
Also the IMF (US tax payer) is getting involved and there was another (&$%^ing!) rumour that they would help bail out Italy who are too big to save by Germany/France etc.
Today everything is rallying (stocks/the EURO/Gold/Commodities/risk-on instruments), but this may just be a temporary pullback in the recent down move. There's also talk of fund managers doing some end of year 'Window dressing'...
I'm long AUD until it turns back down again when I'll short EUR again. Up, down, sideways makes no difference to me
