Research (Investicniweb.cz)
Currencies  |  November 23, 2012 22:25:17

View the major currency pairs and one witty remark to Greece



View of the crown, dollar, euro and Polish zloty. Monthly and semi-annual workshops target price of analysts Czech Savings Bank.

View of the main currency pairs

Amused us today Martin Lobotka his morning note on the situation around Greece: "Even though we slowly approach the end of the world, the EC / ECB / IMF apparently see it and try to do something with Greece. Yesterday again speaking, how to do that ( at least on paper) of Greek debt between 2020 and 2022 was around 120% of GDP. Germans et al. want to depreciate anything of what is still called the loan to Greece, the IMF wants to give Greece the next two years to ensure that the 120% is reached, and all argue how to get money, which is already known to be in 2013 or 2014 than planned missed.

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  • Well, do not underestimate the bureaucrats, the money eventually find (perhaps only a part of now and then, but there), but it is quite clear that Greece has a debt that can not help itself, something will have to forgive him (I doubt that the extension of two years something changes). BTW, remember how Greece had a debt of over 300 billion euros, before it all started to help? Since then, private investors write off something - remember the games with the activation of CDS? - But even so, the situation is worse than in the beginning. EPIC FAIL, IF U ASK ME. "


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