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Posts by "catnip"
2150 Posts Total by "catnip":
2148
Posts by Anonymous "catnip":
uses Bayes. That is advanced astrology.
EUR was never closer to failure then now
the source is the renowned weekly Wirtschaftswoche, from Feb 21st 2011 .
According to that non performing claims of Bundesbank reached a record of Eur 338 bln per end of december 2010. It remains unclear how could the Bundesbank lend a total of 386 bln to cash strapped Ezone banks? The loans went to Greece ( Eur 93 bln) Spain ( unknown around 90 bln)
Portugal ( around 60 bln) and Ireland ( 150 bln).
The problem is haircut. These claims will be cut and only Germany is liable! Not the ECB.
At the moment an emergeny debate is going on in the parliament. Was Merkel informed?
I tell you if that goes bad Euro value is nil.
Or in chartists' terms USDx lows always bounced off a raising trendline.