Yes it sound just like sub prime. Except worse. It says 'years
later the bonds are repaid in the original foreign denominations',
so it isn't just the extra 1 billion. If the Euro tanks (and it has
fallen so far with this news) then they will need more Euros to pay
back the original $ they borrowed.
yeah thats what I am learning about the bear markets - all have
to have an underlying even that causes fear in the public/traders
eyes. The psychology is stronger than the prices.
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It starting to remind me
News
Posted by steve on 9th of Feb 2010 at 01:22 pm
It starting to remind me a little of how the sub-prime stuff here in the US began.
Yes it sound just like
Posted by window72 on 9th of Feb 2010 at 06:03 pm
Yes it sound just like sub prime. Except worse. It says 'years later the bonds are repaid in the original foreign denominations', so it isn't just the extra 1 billion. If the Euro tanks (and it has fallen so far with this news) then they will need more Euros to pay back the original $ they borrowed.
yeah thats what I am
Posted by cwa82675 on 9th of Feb 2010 at 01:29 pm
yeah thats what I am learning about the bear markets - all have to have an underlying even that causes fear in the public/traders eyes. The psychology is stronger than the prices.