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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
When they claim the debt crisis is only the fault of speculators... what level is that? Below the bottom?
are just clowns...
ROFL
April 15 (Bloomberg) -- Greece bonds show the nation may have to tap a 45 billion-euro ($61 billion) international bailout to convince investors it can avoid a default.
The governments two-year notes fell for a second day yesterday and the cost of insuring against default approached the record high of April 8, three days before euro-region finance ministers announced the aid package. The parliaments of Germany, France and Ireland will have to vote on whether to contribute their share of the loans, government spokesmen said yesterday. Dutch lawmakers will discuss Greek aid today.
There are concerns that the money will not be available, said Toby Nangle, who helps oversee 46 billion euros as director of asset-allocation research at Baring Investment Services Ltd. in London. There are people who are willing to place their own money at risk in anticipation of this thing not going through.
I do not trade CHF because SNB's reserves are almost all EUR and Switzerland is a huge
tank ol illegal ( tax evasion and such ) money from Russian Oligarchs. I won't ever touch
"political" currencies. (except EUR but this is predictable)