As the result of the Friday the 13th downgrades, everything gets much more difficult. The slow-motion train crash of economic and monetary union (EMU) has suddenly speeded up. The place in the film where the track breaks up and the railcars spill into the ravine cannot be far away.
The Germans become more self-righteous, because they fear that, if they stray from the path of orthodoxy, France’s fate will be theirs. The French become more fractious, the Italians more irritated, the Greeks more gruesome.
Turning the EFSF rescue fund into a usable financing vehicle will become immeasurably more challenging now that its AAA rating is melting away.
FOREX INSIGHTERS are geared for Forex Traders and Investors and anyone interested in Learning to trade News, learn Technicals or know more about the Global economy how to spin to take advantage on trends. Forex Insighters bring clarity, knowledge, and Market insight to our online interactive traderooms. Traders novice or Veterens are always encouraged to share their opinions and insights via our Web conference and or private groups..