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Seems like Greece are in serious trouble and will lead to more of a drop in the €uro... I placed a short
on EUR/USD last night and a few others on here did the same, but putting that aside how much trouble
are Greece in right now? And how can we benefit from this, the 1st bailout has already happened but
there is planned to be another bigger one which is to be approved very soon:
Reuters: Thu Jun 23, 2011 4:55am EDT http://www.reuters.com/article/2011/06/23/us-greece-idUSTRE75M1D220110623
"The cabinet on Wednesday approved a draft law to implement the austerity plan but must still get
parliamentary approval next Tuesday to secure a new European Union-International Monetary Fund
bailout believed to be worth 120 billion euros."
Now last time i got involved with something like this was the Bank Of Ireland, some of you may of heard
me harp on about BKIR and at one point i was even accused of being part of them
.... Anyway my best
trade with them was when I waited until the bailout was pretty much passed, I bought in a few days before
the proposed bailout day and then over the next few days seen a massive jump in the share price and took
my profits. So with Greece looking at being handed another €120billion i'd say the National Bank Of Greece
may be in a similar position very soon.
Whats your views on the Greece situation, any ideas on ways of making profits other than the above?
Also whats your views on the €uro in general? Do you think its in for a tough ride?
Regards,
Doomberg
on EUR/USD last night and a few others on here did the same, but putting that aside how much trouble
are Greece in right now? And how can we benefit from this, the 1st bailout has already happened but
there is planned to be another bigger one which is to be approved very soon:
Reuters: Thu Jun 23, 2011 4:55am EDT http://www.reuters.com/article/2011/06/23/us-greece-idUSTRE75M1D220110623
"The cabinet on Wednesday approved a draft law to implement the austerity plan but must still get
parliamentary approval next Tuesday to secure a new European Union-International Monetary Fund
bailout believed to be worth 120 billion euros."
Now last time i got involved with something like this was the Bank Of Ireland, some of you may of heard
me harp on about BKIR and at one point i was even accused of being part of them
.... Anyway my besttrade with them was when I waited until the bailout was pretty much passed, I bought in a few days before
the proposed bailout day and then over the next few days seen a massive jump in the share price and took
my profits. So with Greece looking at being handed another €120billion i'd say the National Bank Of Greece
may be in a similar position very soon.
Whats your views on the Greece situation, any ideas on ways of making profits other than the above?
Also whats your views on the €uro in general? Do you think its in for a tough ride?
Regards,
Doomberg
