TSX:TECK.A - Post by User
Comment by
taman1on Sep 27, 2011 10:14am
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Post# 19088037
RE: World markets upbeat!
RE: World markets upbeat!The PIMCO CEO said finally Europe got it ... I think so .... ECB getting its act together can scare the markets LOL... the stabilisation fund, writing down 50% of Greece debt, Euro guaranteeing future bond sales ... Japan is buying and China will the minute bonds are guaranteed by Eurozone NOT just specific country that may default ... all these being discussed openly and it will take time as over 20 parliaments involved .... the reasoning is simple let the Banks that gave those sovereign loans take the loss OR let Europe collapse ... the choice is elementary ... Cheers