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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (59557)1/2/2010 7:50:56 AM
From: 49thMIMOMander1 Recommendation  Respond to of 219862
 
The Euro Zone does not yet have a full "common Euro economy, politics" nor "common Euro-debt nor Euro-budget" but is still "member-nation-based".

The system for a balance of rules-regulation and possible "bailouts" is still evolving, now fairly fast as a result of all these faked securitues USA managed to peddle almost all around the world.

We all mostly wait for local-main-peddler, London City, which is really scared of having to sign the EMU-contract, to stop being the tax/evasion, market manipulator of EU(and more).

Ilmarinen

PS Lukcily Latvia is small, but is tough that they had their independency from Sovjet for just 20 years and then came Lehman, they lost it all.
Now bankrupt in all sectors, empty newly built appartments, industrial complexes, now owned by, for example, state-bailed-out swedish banks (belly-up former best favorites of Lehman).

Additionally, during the Great Boom, the local banks of Latvia "could not compete" so "they are not" anymore.