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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
The ECB and the EU and IMF on the Greek case possible gap this weekend.
A broader financial issue on the precipice that is related to Greece's downgrades and expected further downgrades could require addressing, which may be what the meeting is more about.
supposedly non perfoming GR bonds which they already hold.
Next logical step were to bring workload outsourced to China and Eastern Europe to Greece...but that won't happen. So wait for the next shoe to drop it won't be long.
This forces a decision to be made this weekend. It will be interesting to see if there is a rush to cover by the close.
Ashraf