Tuesday, July 12, 2011

EUR Plunges After Lagarde Intimates On Greek Bankruptcy | zero hedge

EUR Plunges After Lagarde Intimates On Greek Bankruptcy | zero hedge



The only possible brief saving grace is once again China, which just reported that its FX reserves rose from $3,197 billion to $3.233 billion. The bulk of that money is now going to purchase EURs and keep Europe afloat one more day.

No comments: