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overtheedge
Member since May 2012
680 commentaries - 6 followers

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The euro crisis - Alasdair Macleod - Finance and Eco.

"There is no immediate benefit from debating why."
Debate? That would be like debating whether or not gravity exists.
You stated the obvious why, so debate is unnecessary.

"This week should see the dollar strong against the euro and the euro price of gold can be expected to rise. "
Maybe and probably.
Keep in mind the US financial system's exposure to the Euro.
Counter-party risk is usually a hidden feature and documentation can be quite sparse.

I keep hearing that Bobby McFarrin song, "Don't worry, be happy" playing in the background.

Commented 3222 days ago

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Beginning of the headline :Make no mistake; the Greek crisis is a euro crisis that threatens the solvency of the ECB itself, and therefore confidence in the currency. Before going into why, a few comments on Greece will set the scene.Last weekend it became clear that Greece is heading for both a default on its government debt and also a failure of its banking system. With the benefit of hindsight it appears that the Greek government was unwilling to pretend that it was solvent and extend its financial support as if it was... Read More

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