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 (554 views)
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8 Comments

1. Surfgatinho said...

How long before Ireland and Spain go into meltdown?!

Wednesday, December 20, 2006 06:35PM Report Comment
 

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.

Wednesday, December 20, 2006 10:45PM Report Comment
 

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.

Thursday, December 21, 2006 09:39AM Report Comment
 

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%

Thursday, December 21, 2006 10:34AM Report Comment
 

5. Surfgatinho said...

What would actually happen if the Euro falls apart?

Thursday, December 21, 2006 10:57AM Report Comment
 

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...

Thursday, December 21, 2006 12:52PM Report Comment
 

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.

Thursday, December 21, 2006 01:27PM Report Comment
 

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.

Thursday, December 21, 2006 09:53PM Report Comment
 

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