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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 6, 2010 12:42
It is possible they'll do that funding some EUR North or so ... an as I said UK will join the new union.
But that is very speculative and has consequences most difficult to foresee. It terms of foresight German politicians have a negative record
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 6, 2010 12:35
Catnip,
I agree with you about treaties, but in this situation treaties seem to be pushed aside, situation of deficits becomes critic, also the help to the Greek government is made to the detriment of treaties.
This situation is going to urge Germans to the leave the euro or to put lot of pressures in order to exclude members.
France could lose his rating AAA in few time because the situation is also very critic. In that case the Germans shall leave the Eurozone, it is about a reality and not about a fantasy.
The Europeans have interest has to create European bonds emanating from the ECB for example in order to have better control on deficits
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 6, 2010 11:36
QE is impossible by treaties I think some kind of funding ( sort of TARP ) which is effectively qe under a different name would propel EUR and stocks and gold
but I think ECB will not announce anything
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 6, 2010 11:27
I'm waiting for a QE from ECB today and if it is the case the euro falls and if it is not the case the euro falls because loss in trust of eurozone is total
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 6, 2010 11:19
Ashraf
I concur with you on IMT assessment of ECB possible moves I think a sort of fincancial long term funding could propel EUR BUT...one pont is missing what if ECB announces no measure?
Stationdealer
London, UK
Posts: 715
14 years ago
May 6, 2010 11:18
May 6 (Bloomberg) -- Bundesbank President Axel Weber fired the first shot in a brewing debate over how far the European Central Bank should go to defend the euro.

As the single currency plunged yesterday, Weber said the threat of contagion from Greeces fiscal crisis doesnt merit using every means, rebuffing calls for the ECB to consider buying government bonds. The central banks Governing Council meets today in Lisbon, the latest capital to be hit by the fiscal meltdown thats shaking the foundations of Europes monetary union.

READ MORE HEREhttp://www.bloomberg.com/apps/news?pid=20601087&sid=a4su14RxAIeA&pos=1
Stationdealer
London, UK
Posts: 715
14 years ago
May 6, 2010 11:09
I meant private individuals can buy them if they go on sale
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 6, 2010 10:37
Russian oligarchs are agian in dire straits look at Russian bond rating and cds...
they won't buy a greek island...and who else is stupid enough to buy?
Stationdealer
London, UK
Posts: 715
14 years ago
May 6, 2010 10:26
they very well make island like in dubai and sell more. Their many ways of raising money but thats marketering and Gov's aren't in business. They can either assign a private company or structure a gov group to do that. Theres allot that can be done but that will take time and they dont have time what they need is money.
Stationdealer
London, UK
Posts: 715
14 years ago
May 6, 2010 10:24
they got couple of those big islands there not just a one
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