Politics
Politics
Out of context: Reply #12335
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- ukit0
Futures Bets Against Euro Hit Record High
http://www.bloomberg.com/apps/ne…
Futures traders are more bearish than ever on the euro as Greece’s fiscal crisis spreads, suggesting further declines ahead for Europe’s shared currency.
The euro has depreciated 7.6 percent this year, including last week’s 0.7 percent loss, as concern the sovereign debt crisis will slow Europe’s economy reduced confidence in a region whose $13.6 trillion gross domestic product is exceeded only by the U.S.
“The main risk flowing from the sovereign stress is that European banks will curtail credit to each other and to private borrowers in a way similar to the post-Lehman bankruptcy fallout”
- yawn... Norway is not in EU and has own currency********
- krone magnumutopian
- yawn... Norway is not in EU and has own currency