check this Bloomberg pic from their internal trading platform Securities listings, it's real, it's happening right now folks!
in order of exit, my guess:-
3.Italy & Balkans
4.Spain & portugal (together and the last)
The euro will be trading below 1.08 before January 2013.There will remain 5 players that will continue to trade the euro until around 2015. I also
agree with some analyst's that it will be less painful than they make out, the only pain is the agressive drive from the forth reich (Merkel's dream
to own and make the rest of europe desperately poor and wholely at Germany's mercy). but it looks like, behind closed doors, Merkels dream is already
in tatters, and a new future is already being built.
Ahh hear you go, its not actually treading they are just working on contingencies and testing to see what would happen if they were to start trading
the currency again. So its still a interesting story but they are not actually trading it right now.
Nice attempt at panic, but not going to happen this time. Bloomberg says it was a 'test'. Do I think they are getting things ready in case Greece
leaves the EU? Yes. Do I blame them? No. Its just smart business in my opinion even though it does seem to be a case of the vultures circling the
The usual result of a sovereign default is hyperinflation but TPTB may have a different choreography this time around. I agree usually when one
country defaults there is often a domino effect involving other countries in similar trouble.
The global financiers have had a lot of time to plan this time around so hopefully stability will return once the problem with the Euro is resolved
in an orderly fashion. The US stock markets are responding inversely to the stronger US dollar so if this continued to 2013 it could be worse than
the same would have been for the euro if they released it back in the 1980's when it was in closed trading, back then the euro was worth little more
than 0.20 for years, but grew rapidly once a set date was established, i think opening price was 0.88, i could be wrong but its near that price. but
that was when no-one really knew what a sigle currency europe would be like, we know now! what took years for the euro to become a public price, will
take months for the new drachma, as another commenter noted, if they use silver coins, this will boost it further, a trend that is likely to return to
pure co-incidence or is it?, but a funny one at that, here in the UK people are reporting finding old drachma coins in cash trays, we've had several
100 drachma coins of late, in my company several local cluster stores have reported this too.
Let's say Greece really leaves after their elections and soon after something bad happens, like Spains €300 billion bad loans at their nation's
banks surprisingly double or something.
"Whoops sorry, looks like we miscalculated our exposure a little lol."
Hollande blows the fiskal pact, we further on deny €uro-Bonds etc...
We have elections in 2013 here and €uroZone/EU policy will be a strong issue.
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