Wednesday, Dec 20, 2006
Euro rises on expectations that the ECB will raise IRs
FT: Euro rallies on inflation concerns
European Central Bank President Jean-Claude Trichet warned the European Parliament of the risks of inflaiton and said it was likely there would be further IR rises in the New Year. This helped nudge the Euro to an all time high against the yen.
Posted by jellycaster @ 01:55 PM (182 views) Add Comment
8 Comments
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1. Surfgatinho said...
How long before Ireland and Spain go into meltdown?!
2. talking rot said...
More to the point Surgainho, how long will it be before France destroys the Euro by leaving it or ignoring the rules sufficiently to make the currency worthless.
3. Tara747 said...
Ireland is already melting down, house prices here have gone into reverse since October, and very quickly. Scary stuff if you've bought in the last couple of years.
4. Taffee said...
one of the most successful hedge fund managers in US reckons (when I say successful....£22 mill in to £2 billion! over 5 years) reckons the world has created a housing bubble monster which could take 10-15 years to unwind and falls of 30-50%
5. Surfgatinho said...
What would actually happen if the Euro falls apart?
6. tyrellcorporation said...
http://www.telegraph.co.uk/news/main.jhtml;jsessionid=RR3YGOFX3D3ALQFIQMGCFFOAVCBQUIV0?xml=/news/2006/12/12/weuro12.xml
French mutiny against the Euro...
7. bidin'matime said...
Note the references to each currency's attempts to sustain itself against the others - all the signs are still upwards for rates.
8. Enuii said...
Checked out the building activity in Almeria Spain last year, the place is chronically overdeveloped, the infrastructure appaling and building standards are even worse. If you want to get ripped off or burn money then this is definately the place to go.