Time turns trend. - W.D. Gann
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The euro: Rebuilding Rome in a day
Rather like that bottle of milk lying on your doorstep today, eurozone bailouts have a short shelf life. The ill-tempered deal hatched in the small hours of Friday morning in Brussels may, however, have stumbled across a longer-life formula. Not because of the recipe, which is still to be haggled over – if anyone in Spain thinks that Germany has just written a blank cheque for its insolvent banks, they should think again. But because of one political fact that shone through Angela Merkel's multiple concessions: faced with a binary choice of walking away from monetary union and letting it collapse or doing something ... (full story)
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- Jun 30, 2012 12:55am Jun 30, 2012 12:55am
- ForExtraPips
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- p1p5urfer
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Ride the tide, baby!
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- 4rextrader
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