Russian Bear stops Finland leaving euro | Forex Factory

  • Russian Bear stops Finland leaving euro

    From telegraph.co.uk

    German eurosceptics quietly hope that Finland will become the first creditor state to storm out of monetary union in disgust, opening the way for others to break free. Once Finns break the taboo, it would be easier for Germany to extricate itself from an escalating national disaster without inviting opprobrium from across Europe, or so goes the argument. “We can’t start this off, but the Finns can,” said Hans-Olaf Henkel, former head of Germany’s industry federation. Berlin’s policy elites are constrained by their honourable - if misdirected - feelings of moral duty towards the euro. They cannot bring ... (full story)

Comment Options
billv
Aug 20, 2012 12:42am
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Quoting DiamondZA
I think Germany is too scared to do anything - maybe they should be expelled from EU
No way, the southerners love their BMW's and they wouldn't want them to become more expensive.
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fxsport
Aug 20, 2012 6:22am
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Quoting Guest
Looks like the market is really scared over this news...Euro back above 1.2330. Nothing can kill the euro! Buy the dips.
Yeah dropped 50 pips in 3 hours - does 1.2300 hold?
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eqshack
Aug 20, 2012 6:15am
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lol yeah...but Estonia burned their money.. LOL - EURO4ever..haha
Quoting krisware
Well done our good neighbours ... our government should take the same path ... we are waiting for Northern European Union ... there are stronger rumors about it and I hope this is the true path of the North ...
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TraderUSA
Aug 19, 2012 9:36pm
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Russia has no power over Finland. If she wants to leave, she will leave. Bull or Bear, Russian or not Russian have nothing to keep her from doing what is best for her according to the will of the Finns. Believe me, far more than just Finland, the whole north might very well join-in with her
leaving euro.
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harry23
Aug 20, 2012 2:14am
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Quoting DiamondZA
I think Germany is too scared to do anything - maybe they should be expelled from EU - may bring stability to the rest of europe
That would be the best what could happen to us-watching all these stabile countries from afar, ROFL
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oneeuro
Aug 20, 2012 4:00am
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Quoting TraderUSA
Russia has no power over Finland. If she wants to leave, she will leave. Bull or Bear, Russian or not Russian have nothing to keep her from doing what is best for her according to the will of the Finns. Believe me, far more than just Finland, the whole north might very well join-in with her
leaving euro.
You would be supprised...
Reply
bigblue
Aug 20, 2012 2:36am
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Give me a break. UK and USA is in a much worse state than Europe in many respects. The Euro is on its way up - not that the Germans (and Finns) want that. The PIGS are the price they pay for a weak currency - but the benefits far outstrip the costs (cheap exports).
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Piters
Aug 20, 2012 12:10am — Edited
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those Russians..

I knew they are the BEST integration factor..
what's next, Cold War or United States of ASIA??
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krisware
Aug 20, 2012 4:03am
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Well done our good neighbours ... our government should take the same path ... we are waiting for Northern European Union ... there are stronger rumors about it and I hope this is the true path of the North ...
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Reb
Aug 19, 2012 9:23pm
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Very sensible for the Finns to go it alone.
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DiamondZA
Aug 20, 2012 12:36am
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I think Germany is too scared to do anything - maybe they should be expelled from EU - may bring stability to the rest of europe
Reply
Loadedgun
Aug 20, 2012 3:34am — Edited
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Quoting Guest
Looks like the market is really scared over this news...Euro back above 1.2330. Nothing can kill the euro! Buy the dips.
Markets are hardly ever in phase with any "fundamentals" (nebulous term in any case and always misused in the Forex) news or eco releases (in terms of sustained direction). More credible would be the state of inter-market flows. One indirect measure of that is the VIX. It's latest quote is at the lowest one has seen in a long while - were it not for thin conditions such a reading should imply a spectacular and sustained rally in risky assets.

PS: BTW market outcomes are not the same as intraday outcomes - big money is in for longer (most intraday fluctuations eventually translate to market noise in the more level term structure that real investors apply)
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kayla2011
Aug 20, 2012 12:01am
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No trading till Wednesday
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Trader#712B
Aug 19, 2012 9:45pm
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Looks like the market is really scared over this news...Euro back above 1.2330. Nothing can kill the euro! Buy the dips.
Reply
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