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FOREX-Euro falls as market doubts rescue package

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posted on May, 11 2010 @ 07:59 AM
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FOREX-Euro falls as market doubts rescue package


www.reuters.com

LONDON, May 11 (Reuters) - The euro fell on Tuesday as the relief rally unleashed by an emergency aid package to prevent the spread of a euro zone debt crisis dissipated and the focus switched back to structural problems plaguing the bloc.

European Union finance ministers, central bankers and the International Monetary Fund hammered out an emergency package of loan guarantees to euro zone members over the weekend to try to shore up sentiment in its bond markets and the euro. [ID:nSGE6490HH]

The "shock and awe" plan initially boosted sentiment, propelling the euro EUR= close to $1.31 on
(visit the link for the full news article)


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posted on May, 11 2010 @ 07:59 AM
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This is a fiscal folly of colossal proportions.

Bailing out Greece? Taking the hard-earned tax dollars of France and Germany then using it to 'bail out' the Greek economy, when in reality the globalist banksters receive the lion's share and the treacherous Greek political elite lap up the remains as their reward for selling out their people.

This is economic socialism hard-core, economic collapse and subsequent offshore manipulation and monopolization by design, spearheaded by the criminal IMF.

www.reuters.com
(visit the link for the full news article)



posted on May, 11 2010 @ 08:02 AM
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Exactly the blood suckers get most of any bailouts, and thats why you see these boosts in the markets. It has nothing real world for most of us, but making the rich richer.



posted on May, 11 2010 @ 08:07 AM
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So you think people will keep dumping dollars for Euros tomorrow?

There will be fresh demands for a One World Currency of some form maybe I would guess.

No one wants Dollars, Euros, Yen, Yuan, Rupees etc. They are getting really unpredictable as there is treachery afoot. Seems that way sorta.

Just a curious event is all.



posted on May, 11 2010 @ 08:35 AM
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