ECB ready to do 'whatever it takes' to preserve euro

[AtW]

Debt crisis: live - Telegraph

So that's settled them - some big hedge funds who made stupid bets against euro will suffer big losses.

You've heard it on here first...

[sasguru]

So they're ready to throw the receipts of German taxpayers at the problem?
Fine. Because someone has to pay and that is what it'll take.

HTH, BIDI.

[DodgyAgent]

Debt crisis: live - Telegraph

So that's settled them - some big hedge funds who made stupid bets against euro will suffer big losses.

You've heard it on here first...

There is no end to the vanity of the politicians who created this fiasco of a mess in the first place. Why dont they call it quits and break it down in an orderly fashion

Why a eurozone break-up is just the sort of shock the UK needs - Telegraph

[AtW]

So they're ready to throw the receipts of German taxpayers at the problem?

German taxpayers will pay more if they had their own currency which would be super strong due to high exports - unlike China Germany would not be allowed to keep artificially weak exchange rates, hence it's in the long term interests of Germany to make sure euro remains currency even if some smaller countries drop out: the euro as currency will remain.

[AtW]

There is no end to the vanity of the politicians who created this fiasco

Single currency is success - it's the only other reserve currency in the world.

What's failure is debt control in member countries - if the worst of them will drop out it will only make euro currency stronger.

[DodgyAgent]

German taxpayers will pay more if they had their own currency which would be super strong due to high exports - unlike China Germany would not be allowed to keep artificially weak exchange rates, hence it's in the long term interests of Germany to make sure euro remains currency even if some smaller countries drop out: the euro as currency will remain.

That is certainly true about where German interests lie but if Greece drops out and recovers quickly the pressure on Spain and Italy to do the same will be huge.

[DodgyAgent]

Single currency is success - it's the only other reserve currency in the world.

What's failure is debt control in member countries - if the worst of them will drop out it will only make euro currency stronger.

So the Euro's prime function is to be a reserve currency?

[AtW]

So the Euro's prime function is to be a reserve currency?

It helps currency if it becomes reserve currency - this means external demand is guaranteed.

You don't understand it because nobody gives a fook about GBP in the outer world - one of our Japanese clients asked to pay in USD because their banks were charging much higher commission on GBP.

How much international trade you do anyway? Not much I guess.

[BrilloPad]

So that's settled them - some big hedge funds who made stupid bets against euro will suffer big losses.

I believe you. I am sure he has not lied.

[Old Greg]

The Charlemagne and Nordland Legions could still save us.

If only there was more time!