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Greek referendum to create volatility but euro zone can cope - Italy treasury source
Uncertainty following a "No" vote in the Greek referendum will create market volatility but the euro currency bloc can deal with it, an Italian treasury source said on Sunday.
Italy is prepared to absorb any potential shocks from the Greek crisis, the source said, adding a new rescue plan for Greece must take account of the depth of its economic crisis and include investments and reforms.
"All the member states of the euro zone are committed to preserving the single currency and therefore working to ensure Greece's total financial independence," the source said.
"In any case, this crisis requires the process of euro zone integration to speed up."
Greek referendum to create volatility but euro zone can cope - Italy treasury source | ReutersAccording to Goldman Sacs this is all premeditated - they should know : Draghi is their employee
They are already pushing it up
I would not touch this thing not even with a a stick now
BS SNB and ECB - it is easy when you have a printing machines
I would not touch this thing not even with a a stick now BS SNB and ECB - it is easy when you have a printing machines
Probably wise.
I would not touch this thing not even with a a stick now BS SNB and ECB - it is easy when you have a printing machines
A a couple of hours more and they are gong to head for 1.1200 again
EURUSD is still staying in bearish channel. Ranges are as expected - but expect increased volatility : the Greek crisis is far from being over
CBs giving up? Or not received their orders yet?
Brussels says Greece's referendum is ''neither legally nor factually correct'' after Greek voted NO to reject lenders bail-out terms.
Brussels says Greece's referendum is ''neither legally nor factually correct'' after Greek voted NO to reject lenders bail-out terms.
What else could we expect from them?
They think that democracy is when they sit in some of the rooms in Brussels, get drunk like crazy (hence the "Duzzy" name for Dijsselbloem - he is never dizzy, because he is always drunk) and decide what new bs to impose as a truth. Nothing new from that bunch
ECB did it again : it increased the collateral for Greek banks. That is a 100% political decision that is obviously not made by the ECB but Draghi's bosses. Expect very bad days in Greece. ECB decided to run the Greeks out of EU
EUR/USD Limited today in 100 pip it was shown in the 4H chart, but the economic calendar have high volatility expected news within the week.