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Financial Markets Are Overreacting, Says Eu President Van Rompuy

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http://www.telegraph.co.uk/finance/financialcrisis/8712980/Financial-markets-are-overreacting-says-EU-president-Van-Rompuy.html

He said jittery traders had behaved in a “fundamentally disproportionate” manner during the past fortnight, seeking out safe haven currencies and causing global markets to rollercoaster.

Speaking on Belgian radio station RTBF, Mr Van Rompuy also ruled out issuing common eurobonds until what he described as “genuine budgetary convergence” within Europe.

“Markets aren’t always right,” he said in the interview. “We could have eurobonds on the day...when everyone is in balance or virtually in balance.”

Mr Van Rompuy cited the overvalued Swiss franc, which has soared by 14pc in value since the start of the year, as an example of investors’ insecurity.

And neither are politicians....

This is starting to sound more and more like the ERM crisis.

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Who? oH..........The Patsy..........

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the EU wants to control the markets too now.

forget voting, forget soveriegnty, forget people, everything should be run according to the EU council.

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the EU wants to control the markets too now.

forget voting, forget soveriegnty, forget people, everything should be run according to the EU council.

Think how much better life would be if everything was run by the EU council.... :ph34r::ph34r:

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If the markets aren't to be trusted then who can be relied on to set prices appropriately?. Perhaps we need a supranational body to dictate the "correct" price for stocks, bonds etc. I wonder who Rompuy Pompuy has in mind to fulfil such a vital role in these "challenging" times. ? :ph34r:

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Belgian politician says "Please don't look at the Eurozone"

I don't blame him. If you do, it's nasty. How do you add the B to the PIIGS? PIIG-BS?

Surely no northern european county is like the feckless south? Belguim has to be safe, right?

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No, Holy Roman Emperor Mark II

Neither holy, nor Roman, nor with much of an empire. The scary thing is that he might think that the markets give a damn what he says or does.

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  • 334 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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