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Saturday, May 8, 2010

EU is setting up a multi-billion stabilization fund to defend EURO.

EU has come together to defend the euro next week and rumour has it that the stabilization fund might be around euro $600b.  Will this scare off currency speculators like George Soros? Let's see.

2 comments:

Eric Ho said...

Now that the fund has grown to Euro $720b, I think that will deter currency speculators or make them think thrice before attacking the EURO$.

Eric Ho said...

The fund size has been decided at Euro $750b but investors are still doubtful about this shock-and-awe fund size as the Euro has only a knee jerk reaction and is starting to fall again.