The world economic situation is volatile, while in Europe it can only be a reason for concern. The Sarkozy-Merkel plan was not of a nature to appease tension on international markets, but on the contrary, those managed to plunge more deeply under the burden of concerns over announced measures which investors did not find reassuring at all. Meanwhile gold and silver continue their mad race to new record highs while the same investors are looking for refuges for any funds they may have, as stock markets and classic investments no longer offer any solid guarantees.

European analysts are competing with each other in drawing a bleak future for the European currency, although no one is really sure about anything and, in spite of cloudy forecast, there is still a significant dose of optimist out there.

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