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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 want beat china!"
Russia vowed to buy Spanish bonds "if needed" plus new currency war China.
Its all politics . Putin and Medvedev deeply involved in Tymochenko lawsuit.
passed in the second vote in few days.. but this is interesting.. NZX50 already falling like a rock this morning..
"The Senate has passed the currency bill aimed at China.."
The govt of Slovakia has lost confidence votum , EFSF extension is rejected.
This is not positive for EUR but good for USD. If there is no miracle action for ex.
Merkel makes some Eur as a working girl , we will not see higher EURUSD the next days.
Because now Slovakia has to dissolve the govt and elect a new. That takes at least two weeks.
Greece will be bailed out by EU ECB IMF with EUR 8 bln in Nov. But next targets are belgium and again Portugal and then France. Dexia bailout is expensive.