Almost all over for the Euro?
23 November 2011, 02:32 PM
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Almost all over for the Euro?
Germany only managed to sell 65% of the 10 year bonds they put up for auction today. Must be almost all over for the Euro if it is starting to affect Germany's creditworthiness.
23 November 2011, 05:44 PM
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Surprised to see the German 10yr now almost the same yield as ours. Who would have thought it?
Looks like the doom mongers could have been right all along. Bet France is going to turn ugly quite soon! But they will do some mad stuff before the sh*t hits the fan. No doubt a closer political/fiscal union is on the cards. Thinking about it, this has the potential to seriously disrupt the peace and personal freedom we've been enjoying for so many decades post WW2.
Looks like the doom mongers could have been right all along. Bet France is going to turn ugly quite soon! But they will do some mad stuff before the sh*t hits the fan. No doubt a closer political/fiscal union is on the cards. Thinking about it, this has the potential to seriously disrupt the peace and personal freedom we've been enjoying for so many decades post WW2.
Last edited by GlesgaKiss; 23 November 2011 at 05:46 PM.
23 November 2011, 07:02 PM
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... Looks like the doom mongers could have been right all along. Bet France is going to turn ugly quite soon! But they will do some mad stuff before the sh*t hits the fan. No doubt a closer political/fiscal union is on the cards. Thinking about it, this has the potential to seriously disrupt the peace and personal freedom we've been enjoying for so many decades post WW2.
As for more "union", oh look ....
The Commission, the executive arm of the 27-member European Union, presented a draft regulation which would allow it to review draft budgets of euro zone countries by mid-October and ask for revisions if they were not in line with EU budget rules. The budget drafts of euro zone countries would have to be based on independent forecasts. The second regulation would create a legal basis for heavy surveillance of policies of a country either already getting emergency financial aid from the euro zone or facing serious financial instability.
[From ... http://uk.reuters.com/article/2011/1...7AM0XS20111123 ...]
Get the popcorn out
Dave
23 November 2011, 07:21 PM
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