This Greece virus must be dealt with once and for all...100% default and let the world goes on...
Euphoria is Dead EURO is Buried
It’s getting confusing, what “big figure” is the market trading on now? The euphoria following last weeks EU plan has quickly faded and then some, underlying that event risks to the EUR remain high. Greece is quickly becoming the “New” Argentina of the North, a country after a few general elections early in the last decade, aid packages and debt restructuring decided to abandon its peg to the dollar. Papandreou is hoping to seek the populous opinion on his austerity measures early in the New Year. Low European growth, mixed with a little speculation that the ECB will ease sooner rather than later will not ... (full story)