Trading Financial markets : Eurozone debt crisis

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marksmeets302
Posts: 506
Joined: Thu Dec 10, 2009 4:37 pm

Sun Jun 28, 2015 1:34 pm

ECB just stated that they will keep the emergency liquidity support at Fridays level.

https://www.ecb.europa.eu/press/pr/date ... 28.en.html

I'm flying to the US tomorrow for some vacation. Great timing :roll:

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Euler
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Tue Jun 30, 2015 12:52 pm

Margin for EUR currency pairs has doubled or trebled this week!

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Euler
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Wed Jul 08, 2015 1:43 pm

Amazed the Greece don't have a plan b. Interesting times.

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marksmeets302
Posts: 506
Joined: Thu Dec 10, 2009 4:37 pm

Wed Jul 08, 2015 2:01 pm

Very surprised "Grexit - Yes" is trading at implied chance of around 35%

Many banks say they value a grexit at 80% to 90%.

hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

Thu Jul 09, 2015 12:40 pm

marksmeets302 wrote:Very surprised "Grexit - Yes" is trading at implied chance of around 35%

Many banks say they value a grexit at 80% to 90%.
I expect the Germans and the French will eventually relent enough and work out some sort of deal which will be better for Greece, they'd be seriously worried if Greece started recovering outside the eurozone and then Italy and Spain started taking notice.

Hambleden
Posts: 32
Joined: Mon Jul 07, 2014 10:12 am

Fri Jul 10, 2015 10:02 am

Yes hgodden..very good point...hadn't thought of that!
They might too...and that wdn't do at all for Ms Merkel &
Junker!! :shock:


RentonT
Posts: 186
Joined: Tue May 19, 2015 12:26 am

Sat Jul 11, 2015 11:56 am

makes for a good read, especially the comments after the article!

I dunno but I lean towards; the banks are just a convenient scapegoat, really the problem is people wanting to spend more than they can afford, and then the governments helping them because it helps them get elected. The banks really just respond to demand and regulation and there's no one really there with any big plan. All the unaffordable mortgages that caused the financial crisis was because the US government forced the banks to give mortgages to people without jobs

poklius
Posts: 90
Joined: Sun May 17, 2009 11:58 am

Sat Jul 11, 2015 4:02 pm

No government ever forced banks to give loans. Banks are private corporations, and guess what private corporations are interested in most? PROFIT! Its all dandy at first, but things go tits up, and then its publics duty to pay all off those bad loans. Capitalizm for profits, socialism for losses. this world is fcked.

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