Everybody hates the euro. Sorta.

If investors hate Europe so much, why isn't the euro currency tanking?
The euro, invariably described as being troubled, battered, beleaguered, struggling and with many other adjectives of that ilk, is still up slightly versus the dollar this year. That's right. Up against the greenback.
Yes, the euro has slid from montre bracelet cuir its highs of the year in recent weeks. It even slipped below the key $1.30 level (to about $1.298) Tuesday morning. That's its lowest level since January.

But the euro has held up much better than you'd expect, given all the negative headlines about Spain's economy and the outcomes of the French and Greek elections.
To put the $1.30ish level into context, the euro's low point against the dollar during the now more than two-years' long sovereign debt crisis was just below $1.20 back in June 2010.
So the euro has a lot more room to fall before real pain is being priced in and people start talking about an inevitable move to parity with the dollar.
The euro's resilience reminds me of what Apu, the Kwik-E-Mart owner on "The Simpsons," said in an early episode after Homer quit his job at the store. (What can I say? David Einhorn's Simpsons-heavy rant against the Fed on The Huffington Post last week inspired me.)
"He slept, he stole, he was rude to montre bijoux femme the customers. Still, there goes the best damned employee a convenience store ever had."

The euro's "strength" is all relative. It may just be the cream of a sorry crop of currencies.