What made 2011 so toxic in the euro zone was the widespread breakdown in trust: Trust between governments, within governments and between governments and voters.
More specifically, if a breakdown on the charts (a break of a trendline, moving average, or support zone) occurs due to trading driven by algorithms being executed by a machine in response to six or seven other factors that have little to do with anything except the ability to make a buck on a 30-second trade, should it count?
Glaxo has been funneling cash back to the U.K. daily from banks in euro-zone countries as part of its strategy to reduce exposure to risks of a possible breakdown of the European monetary system.