Short/"Sell Euro" After Greece Gets the Austerity Funds
Euro-zone Management is in crisis right now. The Unemployment Rate of Europe is high as 11.8% in November 2012, which is considered to be very high. Unemployment Rate above 10% are considered to be dangerous. Europe is now managed and governed by none other than Germany, which creates problem to old rivals like United Kingdom, etc. Greece is close to receive the balance part of the Austerity Fund, which is about 6.3 Billion Euro [USD$ 8.1 Billion]. But Greece is to cut lot of things to get it done. First, they've to cut about 4000 Civil Service Jobs in Greece, because they've to pay-back about 6.6 Billion Euro by mid-August. Apart from that they've to deploy 25,000 Civil Servants which includes 2000 Teacher's and 3500 Police Cops into the National Forces. Portugal, another country which received bail-outs 78 Billion Euro [USD$ 102 Billion], but they've to put in austerity measures immediately. Credit Rating Agency already commented that it will degrading Portu...