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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
The bail out will never work in the long term, but debase the currency and make the problem get worse in the long term. (we have seen how USD went down last year when they bail out their banks.)
According to the Bloomberg news, CMC market predicted that EUR/USD will fall to 1.270 if EU refuse the bail out......But we all know that EU has agreement the amount of money to bail out Greece, if Greece ask for.
I just wonder that if you read that the news last week or now?
Ashraf
GREEK RATING DOWNGRADING POSITION AND POSITION ON INDIAN ECONOMY ARE INTERLINKED.
I AHVE ALWAYS BELIEVED THAT THISWAS TALK DUE TO MY SIGHT ON GEOSTRATEGY.