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ECB Keeps Interest Rate Unchanged At 1% As Expected
The rate announcement came in at 1% as expected. The key part on whether the ECB will monetize €1.5 trillion of debt and interest over the next 13 months will come at 8:30am when the full conference is held.
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Euro should be dropping cos this monetization?tia
Why shouldn't the ECB monetize this debt? It's a race to the bottom for gawd's sake!
The only issue is whether all other main countries/currencies paired with the $USD will do the same.
Who will be the bagholder?
That will be me and all the other european taxpayers.
ure are fully right Szjon,
just if whole Europe citizen withdraw its money from the system, things could change drastically...
-similar to Eric Cantona and stopbanque programme next 7 th dec.
Its very clear that Trichet will do what Dominique and the IMF tell him. Which is 'Keep Calm and Carry On'. What the IMF should be saying is 'Now Panic and Freak Out', but thats not politically acceptable.
china lol ¡¡¡¡
if u have internal devaluations in Portugal,Spain,Italy,Greece Ireland ...Belgium and ...of course France, and Germany¡¡¡¡
hows possible that Euro still at 1.31? mec Fatal error¡
something doesnt match here and its of course fx.
which currency will depreciate faster USD,USD,JPY...i dont know, but i prefer to hold hard assets than Polish Zloties or Danish Kr.
regards,
(Supplies are low, but the sheep are happy) headline from article in http://www.telegraph.co.uk that pretty well sums it up ...hahaha