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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Swap Line
After a week in which markets showed growing concern about access to funding, the Frankfurt-based ECB also revived its policy from the credit crisis of offering banks as much cash as they want for terms of three and six months. It will also reactivate a swap line with the Federal Reserve and sell unlimited amounts of U.S. currency for seven and 84 days. The first operations will take place this week.
The simplest solution will never happen:
fire 9 million out of 10 million eurozone officials reduce 100000 eurozone polticians to 10000 set up one common eurozone finance ministery ...
no in Europe with its predominant medieval thinking this won't happen
where do u expect the Euro/dollar highest point for today
What now? Is EUR/USD going back toward 1.3800? :)
http://www.telegraph.co.uk/news/worldnews/europe/greece/7696870/British-taxpayers-ordered-to-bail-out-euro.html
"We wouldn't participate in a European bailout fund," a British diplomat told AFP of moves for all 27 EU member states to guarantee borrowings destined to bailout troubled economies in the crisis-hit 16-nation eurozone.
http://www.google.com/hostednews/afp/article/ALeqM5iv8bxssdRfLb54PyKfnISxuhQoNw