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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: westpacific who wrote (74727)	12/3/2006 5:49:07 AM
From: Taikun	Read Replies (1) of 110194

<Euro will see 1.80 to the dollar> Dont think so!! Monday view: Airbus could trigger 'nuclear option' of currency controls By Ambrose Evans- Pritchard Last Updated: 1:59am GMT 27/11/2006 If you have funds across the Channel, or a ferme in Acquitaine, be vigilant. Keep a close eye on Europe's press, because you might one day find your money is nailed more immovably to its Continental home than you had thought. Four years ago, a small "cellule" inside the European Commission was ordered to draft a report, instigated by Paris, examining the legal basis under EU treaty law for 1970s-style exchange controls. It concluded that Brussels may lawfully freeze capital flows in and out of the EU, and within it, and that this could be done by a "qualified majority" of EU finance ministers, leaving Britain with no veto. cont'd... telegraph.co.uk

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