<br />
Okuma Group analysts claim that a lack of clarity as to how the package will actually work and the fact that the package is incapable of addressing the underlying problem of over-indebtedness in several of the EU members using the single currency as the chief reason for its muted success.<br />
<br />
Although the euro gained sharply against the greenback as markets began trading after the weekend announcement, by the end of Monday's trading, it had pared those gains as investors realized that there were still reasonable doubts as to whether nations like Greece would be able to shave public spending and increase tax revenue sufficiently to satisfy the conditions of the initial bailout let alone the euro stabilization package.<br />
<br />
Opposition to the initial EU/IMF aid package has taken the form of violent protests in the Greek capital, Athens and further unrest is expected as the measures begin to bite. <br />
<br />
Okuma Group analysts have dubbed the stabilization plan "a brave but potentially futile endeavor" to save monetary union. The firm said that clients holding euros had been advised "some time ago" to acquire precious metals which have reached record highs against the single currency, surpassing €1000 per ounce last week.</p>
<p class="articletext">
</p>
<p class="article-resource">
<a href="http://www.articledashboard.com/Article/-Okuma-Group--Canada-s-Rates-May-Increase-Before-US---/1615998" target="_blank" rel="nofollow">www.articledashboard.com/Article/-Okuma-Group--Canada-s-Rates-May-Increase-Before-US---/1615998</a>
Lousinda Peters - financialnewsgroup</p>
<!--
