Thursday, 11 February 2010

Sounds more like a Trojan Bailout

Talk out of Europe of a bailout package for Greece has been running thick and fast. But, to be honest, it sounds to me like the deal has  more strings attached to it  than Chins in a Chinese phone book....

The package will guarantee that Greece doesn´t go belly up, but it has so many con´s that other Euro states with similar problems will be thinking twice before sticking out their hands...Sounds like the  Germans had a big influence here.

Still watching Kiwi and Aussie ma´s. Watching Usd/Cad also..there  has  been  good  support at that  1.0575 level  but  i  just  wonder  how  long  it  can  hold  up. back  above 1.0600 and it should be safe.

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