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NEW YORK (CNNMoney) -- A stock rally gained momentum Wednesday afternoon, after key European leaders calmed jittery investors by insisting that Greece would remain a eurozone member and would achieve its fiscal targets.
Following a telephone conference call with Greek Prime Minister George Papandreou, French President Nicolas Sarkozy and German Chancellor Angela Merkel, a statement from Merkel's office stressed that the future of Greece is in the eurozone. And Papandreou reaffirmed his debt-ridden country's committment to take the necessary steps to meet Greece's fiscal goals.
Greece: French, German express support in debt crisis
Originally posted by justwokeup
Theres only 2 options
a) They know the default will occur and they are all preparing for it while flat out lying to all and sundry.
b) Insane arrogance that they can pull greece back past the economic event horizon by PR alone.
Option A is annoying but at least sane.
Option B will result in default when Greece becomes ungovernable and the government is toppled, blood in the streets, the whole 9 yards.
For my part I really fear they are arrogant enough and dumb enough for option B.