ProShares UltraShort Euro (EUO)

[flemsnopes]

Environmental hazard statement: Smoke clearing, please watch for broken mirror glass.

JUNE 18, 2012 12:00 P.M.
The Euro-Crisis Sputters Along
(excerpt)
The Greek elections were the worst possible outcome for the euro, for financial stability, and perhaps even for German chancellor Angela Merkel. Mrs. Merkel was quoted as sternly informing the Greeks on the eve of Sunday’s election that there was no prospect of renegotiating the “deal” — severe public-spending cuts in return for loans from the European Union, a “haircut” of 75 percent imposed on those investors who had foolishly lent Athens money, and the fig leaf of a denial that these amounted to a default by Greece. On the face of it, her comments looked like a threat designed to drive the Greeks into the arms of the New Democracy party. But perhaps they were designed to be an irritant that would drive the Greeks into the arms of the anti-bailout far-left party Syriza.

http://www.nationalreview.com/articles/303081/euro-crisis-sputters-along-editors