The fall of the euro'

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[Kosh GTO]

A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro.

Representatives of George Soros's investment business were among an all-star line up of Wall Street investors at an 'ideas dinner' at a private townhouse in Manhattan, according to reports.

A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented.

At the dinner, the speculators are said to have argued that the euro is likely to plunge in value to parity with the dollar.

The single currency has been under enormous pressure because of Greece's debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland.

But, it has also struggled because hedge funds ( Managers    ) have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds.   

The euro traded at $1.51 in December, but has since fallen to $1.34.    Details of the secretive dinner emerged days after Mr Soros, chairman of Soros

Fund Management, warned in a newspaper article that the      euro     could 'fall apart' even if the European Union can agree a deal to shore up support for stricken Greece.



http://www.dailymail.co.uk/news/worldnews/article-1253791/Is-man-broke-Bank-England-George-Soros-centre-hedge-funds-betting-crisis-hit-euro.html




The Vorlons Plans are still on time,Now an Embassy in Benelux,and after that............    

We live for the One, we die for the One. We go to the dark places where no one else dares venture! We stand on the bridge and no one passes. Entil’zha Veni!"

[Pangloss]

considering the euro started at 0.9 we still got some margin

at least the chinese don't own us

[Kosh GTO]

And this is not because you didn't try!!!

We know about all those secret meetings and all.We know you want, Russia and china for there large Populous.

But the Rice eater know where the sure bet is.

BTW don't leave The Greeks out.

[Pangloss]

greece is turning into a desert because of global heating

maybe we would sell it to china .. good idea

[Kosh GTO]

better Idea : sell it as a retreat near the ocean.Let some of your associates to use those cutting ray to carved the whole place up and after that,it will be a prime restate.Everyone like going to the beach.Even our Own Evil-Q   

[Pangloss]

I don't like sand ... I like the sea,

My favourite place is this wooden "staketsel" that goes a few hundred meters into the sea. I walk it to the end and the it's excellent for dropping stuff in the sea you don't need anymore. Because it's also next to a mayor boat lane those things only re surface in england

[primal]

interesting

[Archangel]

Kerplunk! Object is gone, Very interesting 

[Pangloss]

did I mention nobody is on it at night

[Kosh GTO]

More News that just came in from the rim.


Europe's PIGS countries: Send us your experiences

Are you in one of Europe's so-called PIGS countries? If so, we would like to hear from you.

The unflattering acronym is used to refer to the eurozone's most financially troubled and debt-laden countries - Portugal, the Irish Republic, Greece and Spain.

This week, Greece announced an austerity package worth 4.8bn euros ($6.5bn; £4.4bn) in an effort to cut its huge debts.

There is talk of a possible EU rescue deal for Greece, as the eurozone tries to bolster confidence in the single currency.

Both the Irish Republic and Spain have been hit hard by the collapse of their property bubbles and soaring unemployment.

Portugal has also been battered by the financial crisis.

Do you live in Portugal, Ireland, Greece or Spain? How bad is the economic situation in your country? How has it affected you and your family? What measures have you taken to cope with the economic crisis?


No tax please, we're Greek

The Greek government is trying to recover billions of euros lost to tax evasion as part of its austerity programme, but as the BBC's Malcolm Brabant finds, many Greeks see it as their right to keep as much black money as possible.

A good friend of mine bent my ear with a vengeance on the day the Greek government cranked up its austerity programme another notch.

"My husband is thinking of writing the word vlacha on his forehead in very big letters," she said.

Vlacha means stupid.

Her husband's name is Stelios and he is anything but a stupid man.

http://news.bbc.co.uk/2/hi/programmes/from_our_own_correspondent/8509244.stm






They the Euro's are alone.  They are a dying currency; we should let them pass, into Oblivion  Vorlon Revenge for your sins.