Deutsche Mark Watch: Germany's Departure Will Be the Event That Sinks Euro - Drachma first, Possibly I guess, but the D-Mark is coming back, buh-bye Euro Bank On it.

Things That Make You Go Hmmmm - Such As Europe's Daisy-Chain, Round-Robin Bailouts Without A clue | ZeroHedge

Me? I remain skeptical - after all, we have just seen how the murine roar of little Slovakia very nearly derailed a political process that had taken six months to coordinate, and that process was required in order to approve a €440 billion bailout fund. Now, it is likely a fresh round of approvals will be required to increase it to several trillion and the largest contributor to those pledges will undoubtedly be Germany; The same Germany whose Constitutional Court ruling last month gave the Bundestag’s Budget Committee an effective veto over future activation of the EFSF, and reinforced German constitutional restrictions on the introduction of Eurobonds.

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.