The ECB will not let Greece default to happen. They would have do it many months ago.
The reason ECB did not let Greece default many months ago is because banks in Europe were undercapitalized to be able to withstand the effects of a Greek default. Thus why they are kicking the can down the road and urging additional capitalization for the banks so that when the time does come that a Greek default is inevitable, the banks are able to withstand the effects of the default.
Joined Apr 2011
Status: That the best u can do, u pansies?
the logic is that the worse the situation keeps getting in Europe the more likely the EZ politicians( namely merk and sark) are to get their gigantic bailout packages passed
the large institutions are more than happy to just sit there and let massive sums of cash fall into their hands hence they continually leg out of their USD positions into the higher yielding EUR....
guys... unless u are trading monthly charts and are using thousands of pips of stop loss while building positions short using these fundies to try to trade is pretty tough and an uphill battle...
I don't believe them anymore. They have too much invested in it now on their reputations and probably some money. So now they are nothing but cheerleaders for failure. Like that speculator guy hoping for a recession. These people are all useless. They contribute nothing to the economy. Just a bunch of bottom feeders.