Euro Panic around the Corner....
- Thread starter achilles28
- Start date
In an Stern Poll, 60% of Germans rejected the notion of an EU budgetary-fiscal union, 75% don't want a United States of Europe (political union), and 73% reject EU-wide bonds underwritten by Germany. This is a massive and devastating blow to the future of the EU. Complete fiscal integration is the only path that can save europe, yet Germans reject it outright. If we stay on the current path - endless crisis followed by (German) bailouts - again, the Krauts won't have it. The political will exists in Berlin, but not on the streets. Merckel is playing a delicate game, political opponents smell blood in the water and populist demands to retrench will soon be catered too. This is really key. Without Germany, there is no European Union. Ultimately, given the nearly bankrupt status of the PIIGS and the average German voter fed up leaving no room for solutions, that spells a break up, right there. Merkel might try to ram it through under the radar, but I don't see the average German on the street fading quietly into the night. Do you?
http://www.bloomberg.com/news/2012-...eding-sovereignty-to-eu-stern-poll-shows.html
http://www.bloomberg.com/news/2012-...eding-sovereignty-to-eu-stern-poll-shows.html
Most Germans Reject Ceding Sovereignty to EU, Stern Poll Shows
By Rainer Buergin - Jul 4, 2012 4:55 AM ET
Almost six out of ten Germans reject ceding budgetary sovereignty to European Union institutions and almost three quarters donât want the EU to transform into a U.S.-style United States of Europe, Stern magazine said, citing a poll it commissioned.
A directly elected EU president was rejected by 63 percent of Germans while 59 percent said the Bundestag, the lower house of parliament, should keep its budgetary rights and 74 percent said the EU shouldnât become a federal state, Stern said in an e-mailed statement.
Seventy-three percent of Germans reject joint euro-region government bond sales and 69 percent said more transfers of power to European institutions require prior referendums, Stern said.
Research company Forsa surveyed 1,004 people on June 27-28, Stern said. The poll had a margin of error of 3 percentage points.
http://www.bloomberg.com/news/2012-...eding-sovereignty-to-eu-stern-poll-shows.html
By Rainer Buergin - Jul 4, 2012 4:55 AM ET
Almost six out of ten Germans reject ceding budgetary sovereignty to European Union institutions and almost three quarters donât want the EU to transform into a U.S.-style United States of Europe, Stern magazine said, citing a poll it commissioned.
A directly elected EU president was rejected by 63 percent of Germans while 59 percent said the Bundestag, the lower house of parliament, should keep its budgetary rights and 74 percent said the EU shouldnât become a federal state, Stern said in an e-mailed statement.
Seventy-three percent of Germans reject joint euro-region government bond sales and 69 percent said more transfers of power to European institutions require prior referendums, Stern said.
Research company Forsa surveyed 1,004 people on June 27-28, Stern said. The poll had a margin of error of 3 percentage points.
http://www.bloomberg.com/news/2012-...eding-sovereignty-to-eu-stern-poll-shows.html
Don't get too excited. We're back at breakeven, on that trade...
Either the euro finds support here at the ~25 handle and we take a ride up for a bit. Or we're going down on the news, with possible resistance in the ~26 range...
I agree, either we're going to stay the same or we're going up, or we're going down.Quote from achilles28:
Don't get too excited. We're back at breakeven, on that trade...
Either the euro finds support here at the ~25 handle and we take a ride up for a bit. Or we're going down on the news, with possible resistance in the ~26 range...
Excellent observation.
who writes your material? CNBC?
Awwww... still sore your "panic covering" longs are in the red? Poor baaaby
Great call, btw 
A little sabre-rattling in Berlin....
German CSU threatens to quit Merkel coalition over euro
The leader of Bavaria's conservatives threatened on Tuesday to pull out of German Chancellor Angela Merkel's centre-right coalition if further euro zone states secure bailouts, saying there were limits to how far his party was prepared to go.
http://in.reuters.com/article/2012/07/03/eurozone-germany-merkel-idINL6E8I39MK20120703
German CSU threatens to quit Merkel coalition over euro
The leader of Bavaria's conservatives threatened on Tuesday to pull out of German Chancellor Angela Merkel's centre-right coalition if further euro zone states secure bailouts, saying there were limits to how far his party was prepared to go.
http://in.reuters.com/article/2012/07/03/eurozone-germany-merkel-idINL6E8I39MK20120703
How are those "panic covering" longs doing, ol' turd?
we are flat for a great length of time. What is your preoccupation with turds? You use the word a lot, and it offends many who try to carry on an honest conversation here.Quote from achilles28:
How are those "panic covering" longs doing, ol' turd?
Not sure what you are talking about when it comes to "panic covering" other than the shorts you reccomended that brought those of us on the other side so much profit.
Many of us that were long EUR or CHF made out quite well.
If you are still in that trade I can't help you, but I am eagerly awaiting the "Euro Panic" you still assert is "just around the corner" should be a great opportunity to those of us that follow your calls.