Category: Currency Currents
- Published: 10 May 2010
- Written by Editor
Quantitative Easing Gargantuan!
Party time! Excellent! Impressive! European leaders do know how to spike a
punchbowl; that’s for sure. Two objectives to this party: 1) stave off the demise of the
European Monetary Union, and 2) Punish those nasty speculators and trigger a massive
short squeeze.
“The European Union agreed on an audacious €750 billion ($955 billion) bailout
plan in an effort to stanch a burgeoning sovereign debt crisis that began in
Greece but now threatens the stability of financial markets world-wide,” The
Wall Street Journal reported.