Sometimes it's a fine line between winning and losing.
And the same holds true for credibility. Once blemished it's difficult to ever fully restore. Here's an article that touches on the subject we've been writing about for a while now.
http://www.minyanville.com/business-news/markets/articles/Bill-Gross253A-The-Fog-That2527s-Yet/6/25/2013/id/50524?camp=newsletter&medium=email&from=recapemai
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The Drum Beat Increases
The drum beat against the euro intensifies. Make little mistake the euro lives and breathes on borrowed time. It's problems are symptomatic of those in other developed nations, politicians and bureaucrats and social so-called do-gooders run amok. It's just not the Germans who will sooner or later grow weary of paying.
http://www.spiegel.de/international/europe/new-anti-euro-figures-in-germany-offer-vague-ideas-and-fan-fears-a-906675-3.html
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