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Posts by "azibi"

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azibi
(Ibiza, Spain)
   
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azibi
Ibiza, Spain
Posts: 2
14 years ago
Jun 3, 2010 1:27
In Thread: Will the Euro Break Apart?
VOTE:At least 3 Nations to Exit

It's obvious imho that those countries will be Port, Sp, and Gr. Their economies depend on Tousirme, construction and a bit of agriculture. Tourisme has been slwoing down now for 4 years in a row as thet Euro priced them out of the market. Next pillar, construction,came to a standstill, hence the extreme unemployment rate in Spain. A common 25% devaluation will help them to recover those pillars. Further those countries should produce more themselves instead of importing just everything from member states. So far they sat back and relaxed. Real estate and Tousirme was booming, although only 5% of the population benefitted of it. The other 95% saw prices going up to a 3 fold during the Euro area meanwhile wages remained unchanged. It's time for a drastical change;the only problem or barreer form the political elite in both the mentioned countries as well as the mighty EP!
SImply said. If those 3 countries do not step out and devaluate the consequence will be a population in hunger!

Peter Ris
Spain
www.completetraders.blogspot.com
azibi
Ibiza, Spain
Posts: 2
14 years ago
Feb 26, 2010 12:59
In Thread: AUDNZD Looking for a Turn
Great call do far Ashraf! Went short last night at 12160. Am sure there is much more to come.
By the way, when are you going to hold your presentations in London? Are you also planning to do the European continent? Thanks...Peter
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