Not long ago many begun doubting the ...survival of the Euro...
Sterling gained ground against the Euro reaching MMR of 1.22 only to quickly descent down to a MMR of 1.157 .
It looks as if the Euro is on truck to continue surging ahead .
Forex news: euro reverses uptrend on renewed worries over European debt problems
Early in Europe today, the 16-nation single pared it 2-days gains on renewed concerns about the European debt problems. The Euro zone single thus fell to a 2-day low against the currencies of the US, the UK and Japan.
International ratings agency Moody's has downgraded Spain's credit rating by one notch to Aa1, citing a worsening financial situation and weak economic prospects. Moody's said further that Spain's gdp will grow 1% annually in the next few years and that it faces high labor-dismissal costs. The agency also said that Spanish government "remains vulnerable to further episodes of market volatility."
miltiades wrote:You are so funny I think you ought to pack smoking up mate is doing your brain!!!!!
cyprusgrump wrote:miltiades wrote:You are so funny I think you ought to pack smoking up mate is doing your brain!!!!!
What a fool you are... do you have to keep showing it...?
1. I. Do. Not. Smoke.
2. The Euro is a farce... it simply can't work with so many diverse economies...
Keep banking on it tho - fool.
cyprusgrump wrote:miltiades wrote:You are so funny I think you ought to pack smoking up mate is doing your brain!!!!!
What a fool you are... do you have to keep showing it...?
1. I. Do. Not. Smoke.
2. The Euro is a farce... it simply can't work with so many diverse economies...
Keep banking on it tho - fool.
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