In just a few days we have seen the resignation of both the Greek Prime Mininister George Papandreau, and Italian Prime Minister Silvio Berlusconi. Before each of them resigned, their countries seemed on the brink of economic disaster, sending markets spiraling downward. Then on both occasions news that they were reorganizing the government brought about a rebound.
I have to wonder if this could be the new form of insider trading. If well positioned personel could have intimate details of these matters a little before the markets, they could profit handsomely. Moreover, if the media or politicians could be swayed by certain financial industry insiders, there would be even more to gain.
It's food for thought, and certainly there is some truth to it.
Meanwhile, can Europe hold on? Or is it destined for collapse. It seems unlikely there is enough agreement politically between Eurozone members to do anything that will reverse the course, but unfortunately we may not be privy to what others know that we don't.