12 April 2010

Shaking the money-tree

Here we go again. This month, last month, the month before that. The masters of the universe are suckered once more. The Telegraph reports:
The euro soared in early trading on Monday as traders welcomed a rescue package for Greece agreed by Eurozone countries and the International Monetary Fund.

The single currency, which has been battered in foreign-exchange markets so far this year, was up almost 2 cents at $1.3683 in London trading. It also climbed against sterling and the Japanese yen.
How many times does the EU have to pretend to organise a bail-out for our Greek chums, before the markets twig that it's never going to happen?

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