Wars have started for less then that.

EURUSD

There are some good things in what the Germans are tying to do, just the way they go about it is all wrong. Debt to GDP was covered and mandated by Maastricht and everybody, including Germany has been ignoring that. To now only come up with ...

EURUSD

You had a 50% DD on that little account you are showing, I would not call that trading kiddo, that's gambling.

recover your dying account before it's blown

The late amendment we saw on Friday evening after Cameron decided to veto already shows that Bulgaria, Czech Republic, Denmark, Hungary, Latvia, Lithuania, Poland, Romania and Sweden will not sign up to treaty changes without going back to their own ...

EURUSD

Yeah it is a mess, if they don't want to do anything when they are all AAA, it is going to be impossible once they are downgraded. Even the bailouts agreed now in the EFSF are disgusting really, Germany is making a profit on helping out the ...

EURUSD

You got it, the Germans are scared sh!tless about inflation and they will scacrifice the periphery to keep inflation down. Look at each and every speech by Merkel on the subject and what has come out of the EU on Friday, no extra money, no extra ...

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3379

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Mark to market, accounting for the true value of the paper, not the denomination. EFSF went from AAA to AAA ratingwatch negative.

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They are not allowed to lend to them either, as per treaty. They can only buy on the secondary market, once the paper is in circulation. The UK wanted to allow the ECB to be a lender of last resort, the Germans stopped it. The Germans would not even ...

EURUSD

EFSF is no longer AAA, they were downgraded last week. The ECB made up the shortfall on desensitising so all the paper they buy is offset by reducing the money supply. But you are right that if MTM was enforced in the EU, which it isn't then the ECB ...

EURUSD

They can't, the ECB is no member of the IMF. Only the EU or the individual countries can do that. Draghi was right. The ECB can also not directly lend money to individual countries as per the current treaties, that's why the ECB gets around that by ...

EURUSD

It all depends again what comes out of the trio that have been running this pair, Merkel, ECB and the IMF. of course SnP and Moody are closely looking at what the EU has come up with so far, not a whole heck of a lot, and will downgrade the ...

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3367

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Dinner time over here. My week is planned, and I got some great entertainment from a few 12 year olds with 200 dollar pocket money gambling accounts to boot, what else could a guy ask for.

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3395

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Yup, that is really going to improve your trading, you may actually get a few vouches from some other brownnose kids, that should add to your bottom line. Guess you missed what I was saying in an earlier post entirely. Nobody but a few other ...

EURUSD

Yup, the trading capital of the world, now more so then ever as the EU can't get its grubby fingers on it (for now)

EURUSD

The main problem for the other countries not in the euro is that only the UK and Denmark have permanently opted out of the Euro, all the other countries not currently in the euro have to join it. And that's why they are all joining up with Germany ...

EURUSD

This has been an interesting weekend. The UK vetoed the change of EU treaty based on the transaction tax that Merkel and Sarkozy wanted to impose on London. The City is massive, on its own it is bigger then the rest of the EU combined and with its ...

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Kids, that's it for me, not going to trade this last hour of the day here. Enjoy the muppetshow and spend your weekend constructively.

EURUSD