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Angela Merkel Rejects Bailout Plan For Eastern EU Nations

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Aerosmith
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Angela Merkel Rejects Bailout Plan For Eastern EU Nations

Postby Aerosmith » Sun Mar 01, 2009 7:47 pm

http://www.bloomberg.com/apps/news?pid= ... refer=home

Could this be the end bullish euro. How will eastern Europe blocks like Poland, Latvia and Hungary balance their fiscal budget?
Do you see some of these countries dropping the EUR all together?
Swiss franc should be in for a beating as many of these countries treasury debt in francs?

I am shorting Currency Swiss Franc Trust FXF tomorrow and will play forex a bit. A little scalping here and here to see if i can get on breakout.

Good luck

On Another Note: Anyone have an inside scoop on real estate markets in Poland, Latvia and other former soviet states.
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