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  • The ECB Just Tightened The Screws On Greece

    From bloomberg.com

    The European Central Bank has suspended the eligibility of Geek sovereign debt as collateral for its liquidity operations, starting from February 11th. In a press release, the European Central Bank, who are having a governing council meeting today, explained their decision saying that it is currently impossible to assume a successful conclusion of the current Greek program. In other words, the ECB doesn't see Greece complying with existing bailout rules. It is clear from the press release that the governing council also approved the Greek Central Bank issuance of Emergency Liquidity Assistance to the Greek banking ... (full story)

  •  Guest
  • | IP XX.XXX.150.246
Wow, problems in Greece! This is most unexpected news ever! No wonder EUR falls 150 pips!
I was short from last night and getting a little itchy about wanted to take the trade off at a 40 pip profit toward the end of the US session, so I went out to grab a sandwich and came back to the trade having hit my profit objective for a 108 pip winner. That was a great sandwich!

Selling rallies in the euro...it ain't rocket science
  •  Guest
  • | IP XXX.XXX.156.65
He looks like a Beatles Sir Paul cut out
well done sir, Greece chose their own suicidal path electing crazy leftists, hope they will start making some monopoly currency before their final lonely collapse.

RT (Russian Today) covered their events, Greece + Russia = 2 losers.
The fall of Greece is not unexpected. They had around 15-16 year salaries and that money didn't come from growth. The Eurozone has around 12 trillion euros GDP and Greece has around 250 billion. EU may really fall dawn more,but on the other hand its time to get up.
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  •  Guest
  • | IP XX.XX.14.87
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  • Story Stats
  • Posted: Feb 4, 2015 3:57pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 4,751