Sunday, May 9, 2010

Imminent disintegration of monetary union

Europe prepares nuclear response to save monetary union

Are Europe's leaders grasping the nettle at last? Faced with the imminent disintegration of monetary union, they appear poised to create the beginnings of an EU debt union and authorize the European Central Bank to step in immediately to stabilize the eurozone bond markets.

Posted by devo @ 09:59 PM (1109 views)
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5 thoughts on “Imminent disintegration of monetary union

  • printy printy

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  • Eternal Sceptic says:

    I think perhaps it was a nettle when the problem first occurred. It has now morphed into a rampant triffid.

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  • 1. devo

    Fancy a ballsy EURO/USD long? 🙂

    (Posted Midnight Sunday) How serious are they. The charts say they are.

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  • The eventual backlash against the “free market” speculators could be interesting, along with the reaction to the UK’s historic and persistent blocking of financial reform.

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  • And all because the government loves … high house prices.

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