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Intervention. Now don't let that big word scare you. The talking heads on TV have been discussing it all week because the major banks of the world are going to "prop up" the Euro.
What the heck is the "euro"? This is a currency just like the British Pound, the French Franc and the German Duetschmark, sinking ever since.
It was supposed to stabilize the European currencies, but all the underlying currencies have been going down in relation to the US Dollar. When the tide goes out the boat goes down. The tide is the various currencies and the boat is the Euro.
Everything must be converted to Euros. Oil is world-priced in U.S. dollars but it supercedes those currencies and is supposed to ultimately replace them as the money of all the European countries. It is another layer on top of the currency of each country. It was introduced in January 1999 and has been