8 Responses to Italian bank issues warnings to investors over euro currency

  1. Good Luck says:

    We aint seen nothing yet. Most likely Euro is going to implode during first Qtr of 2012!
    If a catostophic event were to occur, none of these economies could withstand it.
    Oh..say like multiple seismic events..effecting several continents. If one or more such
    seismic events were to hit say, the west coast of the USA, they would crumble instantly.

    1/6/12
    Greece 50% hair cut coming? – Looks like a default to me!
    And just exactly who is it that will take that 50% loss?
    “Greek government and its creditors be reached “in the days ahead,” said top officials from the Institute of International Finance. Under the terms of the deal, which were outlined after a meeting of European Union leaders on Oct. 26-27, private sector investors would voluntarily accept a 50% reduction on the face value of Greek government bonds.”

  2. cossack55 says:

    The Euro is currently dropping against the dollar and at a 11 year low against the Yen. Yippee.
    On the other hand, China, Japan, Russia, and Iran are now floating there own currencies amongst themselves and ignoring the dollar as the “reserve currency”.
    All of which begs the question: Which world currency dies first? (note: first to the bottom wins).

  3. Philippino Bob says:

    The impending break-up of Euro is very unlikely for the next 3 to 4 years. Yes, there will be plenty of rumors so that people would get used to the idea that it’s coming.
    We told you so syndrome!
    Eventually everything will go down as the geophysical events increase in intensity and frequency.
    I am afraid In ten years time we may be living in near total chaos!

  4. Bone Idle says:

    The Greek elections are timed to in April. By that time the depression in Greece will really start to take hold and the people will vote themselves a government to get them out of the Euro and or default.
    If sanctions go ahead on Iran oil, Greece, which receives 35% plus of it’s oil supplies on alleged credit from Iran will be in desperate energy supply position. Traditional suppliers have ceased supplying Greece because of worry of a default.
    Greece will start the dominoes toppling.
    Germany will not pay to prop up other countries weak banks. Banks are the core of the economic system. Banks fail, society fails.

    Philippino Bob says: January 9, 2012 at 12:51 am
    The impending break-up of Euro is very unlikely for the next 3 to 4 years

    The can can’t be kicked down the road that long.

  5. luisport says:

    zerohedge

    Merkel: “If no progress on Greek aid package, next aid tranche can not be paid out”

    há 14 minutos

  6. luisport says:

    Something’s Changed About The Euro In a morning note, JPMorgan discussed the shift:

    A weak euro doesn’t have to be negative for stocks any more – for most of the summer, domestic equities and the euro were positively correlated. Movements in the euro were taken as expressions of investor sentiment towards the region’s debt crisis (i.e. a higher euro signaled less fear of “tail” chaos and stocks benefited, and vice versa). However, over the last couple months the two have started to be less correlated (US stocks are sitting near recent highs while the euro is close to recent lows). Perceptions are starting to shift, w/a weaker euro now responding more to massive ECB accommodation/balance sheet expansion and less to sovereign fears. According to data out in late Dec, the ECB balance sheet soared to a record EU2.73T (and balance sheet is up >EU550B in just the last few months http://bloom.bg/u0jkro)…

    Read more: http://www.businessinsider.com/somethings-changed-about-the-euro-2012-1#ixzz1iyD1Syld

  7. RainMan says:

    More like an ‘unbalanced sheet’….

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