And for the Netherlands. Even worse .... Heavely mortgaged country ...

How dare they, the US Government. Their oversight on the Rating Agencies is themselves to blame. All these banks sold products triple-A rated stamped and approved by Moody's, S&P and others ... UBS is 100 % right not to settle !!

This is not only a symbol of a crisis ! It's a symbol of enormous waste of Northern European capital that has been via the EU invested into the South of Europe, including Greece, and shows where the money really has gone, in the deep pockets of ...

If you can and can get a translation from Dutch into English look at these two Doc's. Second part tonight. It is clearly not the Greeks, but their politicians AND the one's that had this luminous idea to introduce the Euro in spite of MANY ...

DAX jumps 100 up and 150 down ....

Hopefully spreads getting more narrow when bank customers push large volume through platforms electronically instead of using voice traders. However for now, it looks like as if FX business has been shrinking considering the ATR over most currencies ...

Correct. Wait until Italians have to pay tax over them ...

Forexia Thanks ! Very good suggestions ! And indeed, these countries should and must change and adapt to the fast changing globalized world. Question is though are they willing to change ? Because that takes efforts on their side. Hopefully the ...

So, has anyone good ideas how Greece and Spain can ""produce"" themselves out of debt ? For Italy I am not so worried ...

The Germans had similar experiences with the former DDR. Billions of Euro's went in, without much real growth and good results. Just writing checks will not help, and mind you, the northern countries will suffer the most, because they are already ...

Just a final note to end this post. Austerity measures are not accepted in the debt ridden countries of the south. However, just remember that ALL citizens of the northern countries pay yearly 2 to 5 % tax levies on their property alone, and pay ...

As was written in Der Spiegel, they calculated it would cost Germany 10 % of BNP and double unemployment figures. The same would probably be true for the other northern countries like Holland, Belgium, Finland etc. But then, better get out, before ...

Very well said Mrs. Merkel ! Why should we pick up the tap for crazy overspending (for instance Spain: property, roads who lead to no where, airports that never get visited etc etc.) all at our expense. and now we have to bail all the banks and ...

Tumbs up for Scot and his team. Could well become even better then the applications provided by various brokers in the market. Thanks.

Definitely 10 negative habits one must give up to become more consistent. We all have to follow the same learning curve. Just do not give up. Every day is another day to improve yourself and this will never stop when you are a trader.

Yes, that's all great, but at what further costs for the northern countries ? There has already been put so much money into the hole and they also received in the early 90 ies billions of Eur for their development and infra structure projects. In ...

Piters Agreed. No EuroBonds. Will never solve the issue. However, taxing the top rich can be structural as well, as long as Greece allows for a good taxing collecting system to be put in place like in The Netherlands, for instance ... The problem is ...

To get back to this story ... Legarde's remark was not very sensitive, the least. However, it would have been better she had addressed this issue to the very rich Greek families and assist the Greek government in braking open all these number ...

It would be better for the Greek population to help them to become productive in their own rights. Each Greek individual should be encouraged to start producing something (e.i. look what happened in Argentina the past 10 years) Everyone is focused ...

Why not set up a kind of brainstorm contest in Europe by the EU in Brussels, with ideas and solutions to improve growth for Greece ? Surely by growing olives, or handling ships (money in the pockets of the 1000 richest families in Greece anyway ...) ...