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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (28280)	4/30/2010 12:00:13 PM
From: ggersh	Read Replies (1) \| Respond to of 71456

So when the bank want their money Trichet will pull a Ben and start printing? German's won't be happy! Angela is the wild card, she knows exactly whats going on IMO. Will they bail out Europe as there are unintended consequences lurking everywhere. -ng- "Derivative Market" = WS. What's the European banks exposure in that market?

To: Real Man who wrote (28280)	4/30/2010 12:00:23 PM
From: maceng2	Read Replies (1) \| Respond to of 71456

Has the UK done any printing?

To: Real Man who wrote (28280)	5/3/2010 10:40:28 AM
From: ggersh	Respond to of 71456

Call me naive, but wasn't this supposed to be the case for getting in the Euro? news.yahoo.com The ECB, the central bank for the 16 nations that use the euro, said Monday it was suspending the minimum credit rating requirement for all existing and new debt instruments "issued or guaranteed by the Greek government." The decision by the Frankfurt-based bank ensures that Greek debt can be used as collateral in ECB lending operations, despite the fact that Standard & Poor's cut Greece's rating to junk status last week. "Clearly, desperate times call for desperate actions, and today's ECB decision is one step in the right direction," analysts with the Royal Bank of Scotland wrote in a research note. Greece's new austerity measures are expected to exacerbate its recession, but the massive rescue plan will include euro10 billion ($13.3 billion) for a "stabilization fund" to support Greek banks, Greece's Deputy Finance Minister Philippos Sachinidis told state television on Monday. In Paris, French Finance Minister Christine Lagarde defended the bailout, telling Europe-1 radio it is "not a donation, it is not a subsidy" but a loan to push Greece to clean up its public finances. She was presenting a budget amendment later Monday to the lower house of parliament allowing the government to release French aid funds for Greece. Lagarde also said she will authorize France's market regulator to closely monitor ratings agencies, which EU officials have blamed for fueling the Greek debt crisis.