Posts by "stationdealer"

all i want to know is not if the someone's plan is working but what i want to know will there be someone to cover all this. It seems to be selling right now on rumours but will it buy on the facts. Cuz i think we will get it back once we hear some clear decisions and the date of the actual payment that coming to Greece.

A bloody mess it is!
Why is the ECB letting this carry on, why are there no specifics as to when IMF is making their payment why hasn't there been a clear and unanimous decision from the Eurozone so far. Whats taking them so long, this is not just Euro catastrophe its nothing less of a financial melt down in the rest of the markets as well.

EUs Rehn: Confident 110 Bln Euros Will Suffice For Greek Financing Needs In Coming Years

*EU/IMF loan allows Greece to not go to markets for funding in first 2 years
*Deficit levels in EU are worryingly high
*Not going to propose aid mechanism for Spain as there is no need for aid mechanism
*Speculation reaching euphoric levels
*Spain, Portugal taking measures to consolidate public finances
*Greece only EU state which fiddled with statistics
*Euro zone taking care of Greek case, confident will turn things around for Greece
*Agrees with broad thrust of French, German ideas to reinforce EU budget rules
*Greeck growth will slow as a result of consolidation efforts. Greek economy should start growing in 2012
*Stock markets tend to think very short term
*Absolutely essential to contain bush fire in Greece, stop threat to whole EU economy

They just cant help themselves. Go on call into question the Greek aid package why dont ya. EUR/USD slips back to 1.2975 at writing.
JUst hearing Russia seller of EUR/USD in recent trade.
Right what other nuggets we got from Angela
Greek aid plan is about the future of Europe and Germany in Europe
Without us there can be no decision which is economically sustainable
Europe is at a fork in the road on question of Greek aid
Greece has pledged to take the toughest measures on its deficit
There is no alternative to backing Greek aid for the stability of the euro zone (doesnt that somewhat contradict headline?)
Aid must come to avoid risk of contagion
We must curb speculation on markets
Conditions on aid package for Greece have been met
Banks must not shirk responsibility in helping Greece
Banks must keep credit lines open to Greece
We should heed IMF advice against international financial market transaction tax
We should heed IMF advice in favour of taxation of bank pay and profits
We need more regulation on derivatives, hedge funds
Need more economic and financial policy coordination in Europe
EU budget deficit sinners should suffer temporary loss of voting rights

and please excuse my mistakes in most of my notes as due to my lack of attention while writing these notes.