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Euro bounce running out of steam on profit taking

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posted on Jun, 14 2010 @ 09:14 PM
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Euro bounce running out of steam on profit taking


www.reuters.com

(Reuters) - The euro's rally showed signs of fading on Tuesday, as investors took profits and sentiment toward the single currency still fragile as debt worries returned after Moody's cut Greece's credit rating to junk.
(visit the link for the full news article)




posted on Jun, 14 2010 @ 09:14 PM
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Whoa... To Junk!


This mixed with the recent warning of potential political coups in southern european democracies is nuts...

So what's the night side of this? Is there a bright side to this?

One might be able to get some good tourism at less American dollars... But who wants to visit politically unstable regions?



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



posted on Jun, 14 2010 @ 09:23 PM
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Originally posted by HunkaHunka



One might be able to get some good tourism at less American dollars... But who wants to visit politically unstable regions?



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


Why not, lots of people go to the US. and by all accounts, not least here on ATS, it's one of the most politically unstable!! heheh

But anyway. there are so many other countries in the EU. and within the Eurozone.

I do hope that what we see at the end of this is an end to the hyper bureaucracy and red tape rubbish that is this experiment of a federal states of europe. too eager for expansion that it did not take time to consolidate or regulate the weaker members. Now we are left with the core members i.e. France and Germany trying to prop up it's brothers. This would not have happened if the countries had just kept their own sovereign currencies, and the Eu had remained what it was intended to be. A free trade zone.

You cannot have a two their Europe, or in some case a strata layer Europe, with 1 equal currency when all the economies are set and run locally. Unless you are willing to accept a California situation. but then the govs of the regions, should only restricted to a similar function as state government. this is the only way that a US of E would ever work.

Otherwise I welcome back the Franc, Guilder, and Mark



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