(taken from yahoo)
The PIGS are in a mess....Greece is just a tip of the iceberg. It looks like a crisis in the making. As the ECB rushed out a news of 1trillion eur bailout plan to cool the market,it's just committment. There are actually no actual details on how it is going to be implmented , sounds like NATO (No action talk only). Because of this , we see that eur had been losing ground. Will this problem be the start of the next crisis and the fall of eur currency ?
I shall not take unnecessssary long position, unless the company is fundmentally good.
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