The Euro is soaring again in overnight trade and is now up over 4.2% from its bottom just yesterday. That is a titanic move for a currency. Many are attributing it to government intervention or possibly just a massive short squeeze. It would make sense for the Swiss or even the Chinese to intervene at some point. It even makes sense for the ECB to coordinate such a move with foreign central banks so as to slow the decline in the Euro. None of this, however, does anything to resolve the core problems at hand. This is just more government meddling in a problem they either fail to understand or are too scared to confront.