Mad Money's Jim Cramer: Confused by Market’s Contradictions? Cramer Explains - CNBC

Mad Money's Jim Cramer: Confused by Market’s Contradictions? Cramer Explains - CNBC: "The euro, meanwhile, is trying to stabilize despite problems with the PIIGS: Portugal, Ireland, Italy Greece and Spain. But Ireland’s economy has improved, Italy’s problems were always “vastly overblown,” Cramer said, and as goes Spain so goes Portugal. And the rebound in Spain’s megabank, Banco Santander, means there’s now less reason for concern about that country. Yes, there’s a good chance Greece could default, but Cramer doubted it would send the euro down to $1 from its present exchange rate of $1.22. Plus, both the International Monetary Fund and the European Central Bank seem to be getting the Continent’s debt crisis under control. In the very least, they’ve made it manageable."