Greenspan on the EURO

[Mackin USA]

"The problem is that there there is no way that I can conceive of the euro of continuing, unless and until all of the members of eurozone become politically integrated - actually even just fiscally integrated won't do it."

http://www.bbc.com/news/business-31249907

[Rupert]

He told the BBC he could not see who would be willing to put up more loans to bolster Greece's struggling economy.

Err, the Russians... 
he has an interesting point though. Its a tough one to hold together at times like these. 

that said, the money mafia work in a different world to me, so what do I know.  What's in it for him saying that? 

I bet he will be placed to make a bundle.

[BoL]

Seems like the huge loans to Greece just prolonged the agony.

I wish I knew someone/something that could give me ~$150bn with the consequences of not paying back being "well... you're not getting any more then!"

[ergophobe]

I wish I knew someone/something that could give me ~$150bn with the consequences of not paying back being "well... you're not getting any more then!"

PM sent



;-)

[Mackin USA]

Please send me PM too 

[Mackin USA]

http://www.telegraph.co.uk/finance/economics/11408950/Sweden-cuts-rates-below-zero-as-global-currency-wars-spread.html

Morgan Stanley warns that the world is revisiting the "ghosts of the 1930s" as one country after another tries to steal a march on others by devaluing first ...