Archive - Nov 3, 2011 - Story
Here We Go Again: Euro Soars Following Rumor #2 G-Pap May Withdraw Referendum
Submitted by Tyler Durden on 11/03/2011 06:12 -0500
Total chaos in the markets in the past few minutes following a headline from Bloomberg that the Greek Prime Minister George Papandreou may withdraw his proposal for a referendum, an official with the ruling Pasok party said in Athens today. The official declined to be named. Obviously this is not the first time an unnamed source has spread precisely this rumor, only to be refuted minutes later and we give it the appropriate credibility. Needless to say if true this is indeed political suicide by G-Pap. The EUR needless to say soars in kneejerk reaction to the news, although the far more important Italian-Bund spread has done precisely...nothing.
RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 03/11/
Submitted by RANSquawk Video on 11/03/2011 06:11 -0500- « first
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