Why the latest eurozone bail-out is destined to fail within weeks
ast week's eurozone "agreement", for all the related fanfare, was a case in point. Far from making the situation clearer, allowing investors to make considered assessments, this latest announcement made Western Europe's grotesque debt crisis even more acute, sowing further infectious spores of confusion.
The question of who will lend to the EFSF, on whose collateral, and who will ultimately repay the loans, was barely addressed last week. Such tricky questions will apparently be answered at the next European summit in December. Meanwhile, the fundamental disagreement between France and Germany regarding who should take the biggest losses – eurozone governments or private creditors – remains unresolved. Since Thursday's announcement, though, Germany's powerful constitutional court has issued an injunction requiring the country's full Parliament to approve any EFSF bond-buying.
What is needed, urgently, is a clean, transparent Greek default – allowing this flailing semi-developed economy to leave the eurozone, re-establish a weaker drachma and regain its self-respect. Portugal should leave too, its membership of the same currency bloc as Germany is as absurd, and self-defeating, as that of Greece. There would be further market turmoil, yes, but a few more months of volatility, leading to an ultimately more stable outcome, is surely better than the current situation where the entire world is living in fear of a massive "euroquake
http://www.telegraph.co.uk/finance/c...hin-weeks.html
its all said in bolded underlined letters. keywords. done. i am short on live tommorow. astro analysis done, techs done, fudnies done. SHORT FOR ME!
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ast week's eurozone "agreement", for all the related fanfare, was a case in point. Far from making the situation clearer, allowing investors to make considered assessments, this latest announcement made Western Europe's grotesque debt crisis even more acute, sowing further infectious spores of confusion.
The question of who will lend to the EFSF, on whose collateral, and who will ultimately repay the loans, was barely addressed last week. Such tricky questions will apparently be answered at the next European summit in December. Meanwhile, the fundamental disagreement between France and Germany regarding who should take the biggest losses – eurozone governments or private creditors – remains unresolved. Since Thursday's announcement, though, Germany's powerful constitutional court has issued an injunction requiring the country's full Parliament to approve any EFSF bond-buying.
What is needed, urgently, is a clean, transparent Greek default – allowing this flailing semi-developed economy to leave the eurozone, re-establish a weaker drachma and regain its self-respect. Portugal should leave too, its membership of the same currency bloc as Germany is as absurd, and self-defeating, as that of Greece. There would be further market turmoil, yes, but a few more months of volatility, leading to an ultimately more stable outcome, is surely better than the current situation where the entire world is living in fear of a massive "euroquake
http://www.telegraph.co.uk/finance/c...hin-weeks.html
its all said in bolded underlined letters. keywords. done. i am short on live tommorow. astro analysis done, techs done, fudnies done. SHORT FOR ME!
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Have I got something on my face, SOLDIER?
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(hope EUR will do some, soon!)
(some time ago there were few that lacked it, and were quite unreadable, IMHO) Only watch out not to overdo it 
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..... Oh that will work just great.
..... At least 1.3975....... 1.2911 weekly demand level would be nice
. however i would like to say that europe is in full crysis , or for the most optimistic: europe have some time left before the big fall. euro will do the same... i think 
- still stick to the opinion, that it shouldn't happen, buuuut am careful just in case) then EUR will try to hold this level at least for some time (or skyrocket, in case of QE. Fed moves markets like noone else). 