Discussion forum on Singapore stocks and current affairs.
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.
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.
Now that the fund has grown to Euro $720b, I think that will deter currency speculators or make them think thrice before attacking the EURO$.
ReplyDeleteThe 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.
ReplyDelete