Although nothing goes up or down in a straight line we do feel that the Euro dollar’s long superiority over the U.S. Dollar has come to an end.
By Jan Strupczewski and Glenn Somerville
BRUSSELS/WASHINGTON | Mon Sep 12, 2011 7:49pm EDT
(Reuters) – Treasury Secretary Timothy Geithner makes a one-day trip to Poland this week for an unprecedented meeting with euro zone finance ministers as growing fears of a potential Greek debt default rip into Europe’s banking sector.
The trip comes as a surprise since Geithner returned only on Saturday from a meeting of Group of Seven finance ministers in Marseilles, France, where he said Europe’s strongest economies must offer “unequivocal” backing to the weakest.