Wednesday, Feb 17, 2010
We should all buy a bottle of Ouzo to help them
Bloomberg: ‘Size Matters’ as EU Weighs Up Greek Rescue Bill: Chart of Day
"Europe may need to stump up as much as 320 billion euros ($441 billion) if it decides to bail out Greece because it would open the door to rescuing other countries in financial distress, according to BNP Paribas".
Posted by alan @ 09:52 PM (449 views) Add Comment
4 Comments
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1. str 2007 said...
Possibly related but a question rather than comment on above.
Does anyone know why the price of Gold in all currencies suddenly fell tonight at 9.00pm ?
I had a scout around and have no idea.
2. devo said...
@1. str 2007
Gold Tumbles As IMF Reaffirms Plan To Sell 191.3 Metric Tons Of Gold Over Time in Phased "On-Market" Gold Sales
http://www.zerohedge.com/article/gold-tumbles-imf-reaffirms-plan-sell-1913-metric-tons-gold-over-time-phased-market-gold-sale
3. str 2007 said...
Cheers Devo
Yes that's the news that must have done it.
Not so sure Gold will be going going to the moon now as some have said on here.
4. debtfree said...
The IMF gold sale only confirms that gold is going higher. When India bought at 1000 it shot straight upto 1220.
Why else announce a large sale ?
The IMF hate gold, it's not dollar friendly and with new highs in euro terms they are only trying to suppress the price.