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

To: ggersh who wrote (46058)	6/29/2012 3:20:35 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 71463

Blackmail pays. telegraph.co.uk

To: ggersh who wrote (46058)	6/29/2012 4:12:20 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 71463

Barclays On The Rally: "Fade It", Because The Summit Is "Not A Game-Changer For The EUR" The agreement to allow Spanish banks to be directly recapitalised from the ESM is conditional on a single supervisor for euro are banks being established. This is not expected until the latter half of this year. In the interim, aid to Spanish banks will continue to inflate Spanish sovereign debt levels. In addition, headlines this morning have already started to water down the other conclusions reached. For example, the agreement to deny seniority to ESM resources used to recapitalise banks has been limited to Spain and there is no agreement over the seniority of EFSF resources. Similarly, Mrs. Merkel's comments that "countries must fulfil conditions for bond-buying programmes that Troika must check" suggest the agreement on how to implement the conclusions reached is not as strong as headlines initially suggested. zerohedge.com