[Archive] FOREX - Trends, Forecasts and Consequences (Episode 9: November 2011) - page 15
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He seems to have been preparing to retire for a long time. But to retire unnoticed is boring.
So he shook Europe and the whole world market one last time.
The question about Greece's future has finally been put to the test, with German Chancellor Angela Merkel saying a Greek referendum on the terms of a bailout programme will determine whether the country can remain in the eurozone.
French President Nicolas Sarkozy said the debt-ridden country would only get the loans it so desperately needed if it complied with an agreement its creditors reached last week.
This is the first time that European leaders have allowed the currency union to disintegrate. The vote will take place on 4 or 5 December.
Greek Prime Minister George Papandreou, who initiated the referendum, said he believed the country's population needed to agree to terms with the EU and IMF, expressing confidence that Greece would remain a member of the eurozone. Greek Finance Minister Evangelos Venizelos, on the contrary, says that such an issue should not be put to a popular vote.
According to polls, despite the fact that most Greeks oppose the austerity measures imposed on them by the EU, they do not want their country to leave the currency bloc.
It should be noted that the next tranche of €8bn ($11bn) financial aid to Greece will be postponed until the outcome of the Greek referendum is announced.
Let them vote and today the ECB and IMF are already creating a plan for Greece to leave the EU...
Where did this news come from? If it's not a secret.
And that Papandreou is "leaving" lied to Reuters. :)
Lowered the interest rate to 1.25
Where did this news come from? If it's not a secret.
And that Papandreou is "leaving" was lied to by Reuters. :)
I do not remember exactly, I was watching two channels this morning, BBC and CNN
And Papandreou resigns in a few minutes, according to RBC
Start catching the eu at 1.357 .
Why? That remains to be seen, for example the stock market is very happy with this news, it is rising
The main thing is what Draghi will say in 15 minutes...he will justify his actions and convince the market that it is better for the Euro and that is it...let's go to the high
"Start catching the euro at 1.357 ."
Does that sound sad? :)
Hope to see 1.35 today or tomorrow: