HEY EUROPE, DO YOU LOVE SQUID?

BANZAI7 NEWS--Goldman Squid Group Inc. cut its forecast for the euro saying Greece’s budget woes are sapping confidence in the region and “permanently” increasing the risk of holding the single currency. Goldman Squid reportedly assisted Greece in a arranging hedges to disguise the full magnitude of the country's external debts.

The bank lowered its three-month target for the euro to $1.45 from $1.55.