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Europe on the brink of currency crisis meltdown

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Europe on the brink of currency crisis meltdown

Unread postby Cabrone » Mon 27 Oct 2008, 12:06:13

Will Eastern Europe drag the rest of the continent down?

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3260052/Europe-on-the-brink-of-currency-crisis-meltdown.html
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Re: Europe on the brink of currency crisis meltdown

Unread postby Oil_be_alroit » Mon 27 Oct 2008, 12:09:32

The Telegraph really hopes so :P
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Re: Europe on the brink of currency crisis meltdown

Unread postby mrobert » Mon 27 Oct 2008, 18:24:25

They keep feeding the same BS for a while, trying to make some profits out of it.

Like the recent attack on our currency (RON - Romania), which went south and hedge funds ended up having to borrow funds at 100-600% interest rate, to cover their positions :)

It came assorted with articles of an imminent collapse.
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Re: Europe on the brink of currency crisis meltdown

Unread postby Snowrunner » Tue 28 Oct 2008, 00:04:05

Everything's possible, but whenever I see "Ambrose Evans-Pritchard" in the byline I just have to start giggling. The guy so not likes the EU that even if his life depended on it couldn't say anything nice about the rest of Europe.
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