Germany and France gave investors light at the end of the tunnel. There were no details to the plan, other than getting closer to euro zone integration in hopes of freeing Greece from the billions in debt. Although this is positive for investors, there is still the question of what this deal entails. The goal is to aid the non-existant european economy and bring it to a place where stability exists. The German candidate for the European Central Bank’s executive board said “that all systemically important banks in the 27-nation EU should be made to raise fresh capital simultaneously to avoid singling out individual lenders.”, bringing up what I think is a very important point, forcing those in debt to find capital instead of drying out and wiping clean one sole lender. The question now exists as to whether or not governments and banks and nations as a whole, have learned their lesson. Sending a whole country into bankruptcy should be considered as learning the hard way, but if greed gets in the way again, and regulations are not being followed or established the chances of seeing this re-occur are high.

http://www.theglobeandmail.com/report-on-business/international-news/european/stocks-rise-on-optimism-over-eu-crisis-plans/article2196458/