Forexsq.com - In the high pressure looking-glass world of the euro, nothing is quite what is seems. Good old Isaac Newton’s third law of physics comes into play. Every action brings an equal and opposite reaction. The much-approved long-term €489 billion bank liquidity assistance of the European Central Bank (ECB) implemented before Christmas — with another money auction due on Feb. 29 — has made the euro area somewhat safer from the specter of a banking collapse.
The prospect of a functioning “firewall” between Greece and other problem-hit members of economic and monetary union (EMU) now looks more plausible.
