Results 1 to 11 of 11

Thread: Another one to watch

Threaded View

  1. #6
    GRG55's Avatar
    GRG55 is online now iTulip High Commissioner, Select Premium Member, Canada and Persian Gulf
    Join Date
    May 2007

    Default Re: Another one to watch

    We seem to be heading beyond hairline cracks now.
    We should see the Euro take another drop against the US$.

    EXCLUSIVE-ECB prepares for the worst: life without the Bundesbank - sources

    FRANKFURT, May 26 (Reuters) - The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Germany's top court forces the main participant in the scheme to quit, four sources told Reuters.

    In this worst-case scenario, the ECB would launch an unprecedented legal action against the German central bank, its biggest shareholder, to bring it back into the programme, said the sources, who spoke on condition of anonymity.

    The moves would likely mark a moment of truth for the euro, testing Germany's commitment to a currency it played the biggest role in creating and forcing it to tackle some deep-seated reservations within the country about ECB policies.

    Germany's constitutional court has given the ECB until early August to justify its massive buying of government bonds or continue the scheme without the Bundesbank, which is supposed to carry out more than a quarter of the bond purchases.
    Last edited by GRG55; 05-26-20 at 08:29 PM.

Similar Threads

  1. Wow!.............Must watch !!!!
    By Mega in forum News
    Replies: 1
    Last Post: 05-12-15, 09:18 AM
  2. Now watch this
    By Mega in forum News
    Replies: 7
    Last Post: 06-22-09, 10:08 PM
  3. Must Watch Now!
    By Mega in forum News
    Replies: 3
    Last Post: 03-15-09, 04:14 AM
  4. You GOT to watch this guy!
    By Mega in forum News
    Replies: 10
    Last Post: 10-18-08, 07:49 PM
  5. Watch this guy!
    By Mega in forum News
    Replies: 4
    Last Post: 08-14-07, 11:16 PM



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.

Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.

Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.

Objectionable posts may be reported to the board administrators via Contact Us.