G20 "...preparing economies for default"

Lehman Weekend Redux? | ZeroHedge

More from Sky News correspondent Ed Conway (via Twitter): G20 now preparing itself for Greek default after October - Sky sources. Will be on Sky News imminently with more G20 sources: all efforts behind the scenes (by G20 members) are now going into recapitalising banks, preparing economies for default. G20 sources: default not expected until after Cannes G20 early November. Emergency funding should still keep Greece afloat thru October G20 sources: No suggestion Greek default need imply country leaving the euro G20 sources: @ Washington summit marked difference in attitude. Confident euro members edging closer to recapitalising banks, expanding EFSF

0 comments:

Post a Comment

GOVERNMENT REQUIRED DISCLAIMER

Government Required Disclaimer: Crude Oil Gold Trading Room does not hold itself out as a Commodity Trading Advisor (“CTA”). Given this representation, all information and material provided by Crude Oil Gold Trading Room is for educational purposes only and should not be considered specific investment advice. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.