QuoteDislikedOriginally posted by FXMastermind
And what troubles them (SNB) certainly most is that troubles are looming again above Europe and when the crisis arises anew, they will have MUCH harder time to defend the floor (making it utterly impossible as literally all european commercial capital will run to Switzerland seeking safe haven).
unless these policy makers are idiots, which i seriously doubt although there are moments i admit, then odds are there has to be a behind the scenes conversation taking place that involves a discussion about a coordinated and massive intervention otherwise it is not just the SNB that maybe getting their nuts served to them on a silver platter.....if you know what i mean
LTRO alone is beginning to look like the Costa Concordia, and Spain's banks are already tapped out
one article on the subject;
http://www.zerohedge.com/news/euroca...tion-afternoon
fuck u audy and fiber 
