The EFSF has decided to make the 5.2B Euro payment to Greece - Reuters | Forex Factory

  • The EFSF has decided to make the 5.2B Euro payment to Greece - Reuters

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fxsport
May 9, 2012 5:47pm
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This is like giving Greece a baklava filled with dog turds. Greece won't follow the austerity rules, the government will siphon off 10% into their Swiss accounts and if they're smart they'll take another 10% of the funds and purchase Euro puts.

Time to scalp another 20 points to the upside and then take those profits and load up on E$ shorts when the tide turns in the next 36 hours.
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TraderUSA
May 9, 2012 10:33am
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Don't you guys read between the line. They only give the money if Greek obey their rules. If not they told them to go to "..." Nothing change, the problems remain the same for all euro-zone. There is no hope, just fake hope will not solve nothing.
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oneightwenty
May 9, 2012 10:36am
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Quoting TraderUSA
Don't you guys read between the line. They only give the money if Greek obey their rules. If not they told them to go to "..." Nothing change, the problems remain the same for all euro-zone. There is no hope, just fake hope will not solve nothing.
We know that very well, say it to the guys high on hope buying € and stocks.
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GDR3k
May 9, 2012 10:48am
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the market spiked the exact minute this news came out...
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GDR3k
May 9, 2012 12:08pm
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Quoting Pippopotamus
Beware of Greeks accepting gifts.
Indeed.
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Pippopotamus
May 9, 2012 11:25am
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Beware of Greeks accepting gifts.
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geniusztc
May 9, 2012 10:35am
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where to see the breaking news on reuters ? can anyone give a link ? what does it mean from twitter ? i can not understand
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Tw0eleven
May 9, 2012 10:29am
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Everyone pass the Hopium around! YAY!!!
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dmegastar
May 9, 2012 11:04am
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i consider it a fake pullback or momentary pullback. The Eur will still face some sell off in few hours from now. Momentary excitement
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dmegastar
May 9, 2012 11:21am
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did you see the short spike on 5mins chart. At 5 mins the resistance is at 1.2941 any thing lower will pull the eur lower
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dmegastar
May 9, 2012 11:23am
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It seems the talk is still on-going. The movement is now bidirectional. However the talk would ease off and most likely We shall see a EUR Sell
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dmegastar
May 9, 2012 11:28am
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true talk.
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explorer101
May 9, 2012 10:40pm
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The EFSF has decided to make the 5.2B Euro payment to Greece...

Yes... and that payment is to be used to pay for some percentage of the debt share involving Germany...

Hahaha...Germany makes money from the turmoil of Greeks...

The money is not to be used for growth and business recapitalization..They are granted a loan to pay a loan that has been loaned to pay the loan that was granted by Euroleaders...

The leaders makes money too for any aid..bail-out, LTRO,etc..

where is the money from 1st and 2nd bail out?
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Jj1459
May 9, 2012 10:29am
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Every one can see that the hope is back for the europe but i think that it's not gonna help them!
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oneightwenty
May 9, 2012 10:27am
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HOPE IS BACK!!!4!
/sarcasm
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oneightwenty
May 9, 2012 10:30am
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Quoting Tw0eleven
Everyone pass the Hopium around! YAY!!!
I'm already high on it! Don't want to hopeverdose, though.
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oneightwenty
May 9, 2012 11:02am
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Quoting Guest
eur , all the way to 1.37
Whatever you smoke pass it around!
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oneightwenty
May 9, 2012 11:07am
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Quoting jaygee
daily 62 fib mounted, daily fairly oversold also. a turn here could run quite a ways. 4h diverge
Turn in which direction?
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jonahky7
May 9, 2012 11:05am
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Quoting geniusztc
where to see the breaking news on reuters ? can anyone give a link ? what does it mean from twitter ? i can not understand
The news was first reported via forexlive, so if you keep track of news there, you will see - no need for reuters.

The release of the fund was imminent, otherwise there will be big euro backlash.

There is no need to come out with any explanation for this jump, how come no one see the usual typical buy dollar then sell dollar for NY session????

It's easy to come out with all sort of reasonings for the pop, but none of it is new news.......we are back to where it left off yesterday at .29645 from the down side, that is.

Is this a saviour for Eur pair - nope definitely no.

Sell parasite during Euro session and buy during NY session lives on and on and on.....

Just reloaded on shorts again after the long jump
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mpakii
May 9, 2012 11:24am
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if this news hasn't popped up the euro higher than 1.3000 then I'm afraid it would go down even further
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explorer101
May 9, 2012 10:43pm
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Quoting Guest
And what if Greece accepts the money and then laughs at the "rules"?
just like the trick the 300 Spartans did?
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Aaryan
May 9, 2012 10:35am
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Yeh if Euro give money then Euro will check same resistance level checked one year back
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Trader#D909
May 9, 2012 10:27am
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Government or no government . Greece will get money. Depression . So what . Greece will get the money. Default. Who cares. Greece will get the money. It will not matter. Merkel and German financiers just took all your money .
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Sellbuy
May 9, 2012 10:31am
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good Euro
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Trader#B49C
May 9, 2012 10:37am
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Quoting TraderUSA
Don't you guys read between the line. They only give the money if Greek obey their rules. If not they told them to go to "..." Nothing change, the problems remain the same for all euro-zone. There is no hope, just fake hope will not solve nothing.
Macro accounts or call them manipulators do not read in between the lines too, don't you see how euro spiked 60 points and gbp 80- ridiculous market
is twitter moving the market actually!!!!!!!!
go go go write on twitter drag. and kind say cut rates QE QE HAHA
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jaygee
May 9, 2012 11:02am
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long stops flushed, shorts all loaded up. Time to turn.
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jaygee
May 9, 2012 11:06am
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daily 62 fib mounted, daily fairly oversold also. a turn here could run quite a ways. 4h diverge
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Trader#97F0
May 9, 2012 11:07am
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But worries about the region eased as sources said the board of the euro zone's EFSF fund was more likely than not to approve the payment of 5.2 billion euros ($6.8 billion) to Greece. The approval was deemed likely despite Greece's recent election in which the country's pro-bailout parties were denied a majority by other political parties that had rejected the bailout's strict austerity terms.

http://www.reuters.com/article/2012/05/09/us-markets-stocks-idUSBRE83T09920120509
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Trader#97F0
May 9, 2012 11:10am
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Tsipras aides said he would send a letter to European Central Bank chief Mario Draghi, European Commission head Jose Manuel Barroso and EU Council President Herman von Rompuy on Wednesday saying that the rescue deal - the only thing keeping Greece from bankruptcy - was no longer binding because Greeks had voted against it.

He has also asked to meet French president-elect Francois Hollande, aides said. Analysts say the success of Hollande, who wants to challenge German-led austerity policies in Europe, had encouraged Greeks to vote against the bailout.

http://www.reuters.com/article/2012/05/09/us-greece-idUSBRE8440DG20120509
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Trader#CACE
May 9, 2012 5:50pm
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The deal is that Greece can keep borrowing money in order to keep making payments to Germany and France for military equipment that they've previously signed for totalling tens of billions.
Make sense?No,but it's fact.
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Trader#8C96
May 9, 2012 10:13pm
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Screw you euro shorts.. this will run back to 1.315.. so be prepared to be squeezed. .. and who cares if its "only 5.2B" when it kicks the can down the road. its the aspect of not having anything now.

The US owes 15T so what is your point? There is none..
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Trader#D909
May 9, 2012 10:26am
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Told you so.
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Trader#DE1C
May 9, 2012 10:27am
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And more is coming.
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Trader#2741
May 9, 2012 10:31am
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so what now??
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Trader#3351
May 9, 2012 10:43am
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is euro gonna bounce?
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Trader#D909
May 9, 2012 10:45am
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Already bouncing 1.2924 to 1.29656
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Trader#DE1C
May 9, 2012 10:46am
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some pple call it hope, cant you just see we are moving in circles,en pple are gonna loose money,how many pple did dat spike find short,...wait for the big one tomorrow
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Trader#25EE
May 9, 2012 10:48am
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eur , all the way to 1.37
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Trader#DE1C
May 9, 2012 10:56am
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Told you, by Friday ,we are heading for 1.3....1,17,19, Wait when BB sends it flying 2morrow!! fasten yo seat belts or you are gonna hit the roof..lol
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Trader#94F8
May 9, 2012 11:04am
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where did you get the news? would please give the link.........
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Trader#FAAA
May 9, 2012 4:40pm
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And what if Greece accepts the money and then laughs at the "rules"?
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Trader#2CA5
May 9, 2012 5:19pm
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that's the plan all along
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Trader#61DF
May 9, 2012 7:29pm
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It's only 5.2 Bil. guy's. Greece owes over 100 Bil.
Reminds me about the time I used to receive "Pocket Money" from my parents.
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