A sign the big summit could fall short?

Discussion in 'Wall St. News' started by nitro, Oct 25, 2011.

  1. nitro

    nitro

    http://blogs.ft.com/brusselsblog/2011/10/a-sign-wednesdays-summit-could-fall-short/#axzz1bp82yriz


    "It’s getting uncomfortably close to crunch time for eurozone leaders, with just over 24 hours left before the summit-to-end-all-summits. But will they actually be able to agree on the big euro rescue plan? A letter sent last night by Jacek Rostowski, the Polish finance minister, makes it seem doubtful...."

    The news will be, we need more time. Ad infinitum.

    Greece needs to default 100%, exit Euro, go back to its own currency, and rebuild. Italy and Spain? Hold on for dear life and hope no one notices.
     
  2. I thought the "Summit" had been cancelled ?!?!
     
  3. Just one the meetings of the finance ministers.

    If the whole thing were cancelled we prob would be 5% lower.
     
  4. nitro

    nitro

    5? Try 10+% lower. And that would just be the beginning.
     
  5. I suppose there will be an announcement or press conference tomorrow?

    Anyone know when?

    Thanks.
     
  6. heech

    heech

    These binary events are a ridiculous way to "run" the markets.
     
  7. nitro

    nitro