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Next week, if you are having money in some EU banks, start converting it to gold or transfer it to safe. Do not keep it on the account
Haircut in Greece almost certain
Haircut in other countries - more and more probable (GB lowered the "untouchable" amount from 85.000 to 75.000 - they are getting ready to grab your money too) Eu - no need to talk about a union that has a president that openly admits to be a liar
Haircut in Greece almost certain Haircut in other countries - more and more probable (GB lowered the "untouchable" amount from 85.000 to 75.000 - they are getting ready to grab your money too) Eu - no need to talk about a union that has a president that openly admits to be a liar
There are a days of chaos ahead of us
Bitcoin jumped almost 10% on first news that Greek vote is no
If the vote is really no, and if the gap is proportional, we can see EURUSD well bellow 1.1000
Ratios that were valid on Friday close :
Do not take this as a trend indicator. First news are showing that over 60% of voters in Greece voted no. If that stay so, that is a surprisingly high percentage and will encourage some other similar things happen
Technicaly euro is still down, we might see the trend continue.
Current rates :
Don't forget SNB last week, and for sure ECB too this Monday
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Exactly the same as last week
Don't forget SNB last week, and for sure ECB too this Monday
They are already pushing it up
They are already pushing it up
Greek referendum to create volatility but euro zone can cope - Italy treasury source
Uncertainty following a "No" vote in the Greek referendum will create market volatility but the euro currency bloc can deal with it, an Italian treasury source said on Sunday.
Italy is prepared to absorb any potential shocks from the Greek crisis, the source said, adding a new rescue plan for Greece must take account of the depth of its economic crisis and include investments and reforms.
"All the member states of the euro zone are committed to preserving the single currency and therefore working to ensure Greece's total financial independence," the source said.
"In any case, this crisis requires the process of euro zone integration to speed up."
Greek referendum to create volatility but euro zone can cope - Italy treasury source | Reuters