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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
I still expect a last minute big surprise good for a 10% up correction in EUR vs GBP because of the about EUR 170 billion of Greece securities held by French and german banks. Writing these off is what will crumple any economical recovery of Eurozone. They must bail Greece out there is no option.
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Ashraf