Mark Dow Says Euro Bailouts Are Right Policy

Aaron Task just tweeted that Mark Dow, of Pharo Management said that the European bailouts are the "right policy", because it proves stability and "path dependency."

Despite these comments, the market is making anything European pay today. Shares of CurrencyShares Euro Trust (NYSE: FXE) are down over 1%, while ETFs of the next countries that may have to be bailed out, Italy and Spain are also down sharply.

iShares MSCI Italy Index ETF (NYSE: EWI) is down 52 cents to $15.43, while iShares MSCI Spain Index ETF (NYSE: EWP) is down $1.23 to $34.98, a loss of over 3%.