Goldman can create shorts faster than Europe can print money

Many have predicted that it is only a short-term measure to kick the can down the road. But the numbers themselves show that the bailout might not even be having a sufficient short-term effect. In fact, money markets and the cost of protecting bank bonds from losses show investors are concerned the almost $1 trillion rescue plan announced by European leaders may not be enough to contain the region’s sovereign debt crisis.
My personal opinion?
The bailout is not a cure-all. In the short term, raising taxes and cutting spending is going to imply further recession and further deflationary pressures in the euro zone.  In the longer-term, it creates huge moral hazard risks. Most importantly, the real problem is that there appears to be no impetus towards a longer term solution. How do you solve imbalances within the eurozone? Without a plan to develop a plan on that front, this is simply rearranging the deck chairs on the Titanic.
Of course, the myriad fraudulent schemes (using derivatives and other means) to hide the problems of Greece, Italy and other countries are still continuing to some extent. And the size of the too big to fails means they can take down companies or nations using high-frequency trading, short-selling, credit default swaps and other means. Indeed, the bailout won’t really help because “Goldman can create shorts faster than Europe can print money”. .................. http://tinyurl.com/8yp8tbf