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Soros Says a Euro Exit Mechanism Is ‘Probably Inevitable’ Amid Debt Crisis

Andy's picture
Mon, 06/27/2011 - 10:14am -- Andy

“There’s no arrangement for any countries leaving the euro, which in current circumstances is probably inevitable,” Soros, 80, said at a panel discussion in Vienna yesterday on whether liberal democracy is at risk in Europe. “We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread. The financial system remains extremely vulnerable.”

Macro E.U. -- D.O.A.

Wed, 05/25/2011 - 10:29pm -- editor

[[wysiwyg_imageupload:2389:]]By John Mauldin

I am attending the Global Interdependence Center's latest conference here in Philadelphia, writing you from the Admiral's Club on my way to Boston. The chatter last night at dinner and between sessions was focused on the risks in Europe. I did an interview with Aaron Task on Yahoo's Daily Ticker, where I noted that European leaders are starting to use the word contained when they talk about Greece. Shades of Bernanke and subprime. This too will not be contained.

The Euro-Dollar Dance Doesn't Fool Gold And Silver Bulls

Tue, 05/24/2011 - 10:41pm -- editor
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[[wysiwyg_imageupload:2371:]]By Jeb Handwerger

The euro (FXE) slid compared to the U.S. dollar (UUP) after meeting and reversing at its long term down-trend resistance line two weeks ago. About four weeks prior to that, I alerted readers that the Euro could reverse lower supporting precious metal prices. In my March 28th article I wrote, "Watch for a move out of the euro to support precious metals prices as the euro reaches its descending upper resistance level. For the past two years the euro and the dollar have done this inverted dance wherein one goes up and the other goes down. But one thing I am not fooled about is the fact that they are both in secular long-term downtrends."

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