Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

A Greek exit from EMU is imminent says Bank of Tokyo-Mitsubishi, with market chatter setting the...

  • Thursday, May 24, 2012, 3:11 PM ET
    A Greek exit from EMU is imminent says Bank of Tokyo-Mitsubishi, with market chatter setting the timing for the weekend of June 2. The bank takes note of the relentless fall in the euro and comments from the Bundesbank that the exit will be controllable. The euro -0.5% and looking like it wants a $1.24 handle.
Track new comments on this story

This news story has 4 comments:

  • if Greek left the euro would jump! Common sense people!
    24 May 2012, 03:15 PM Reply Like
  • YAY! Throw the bums out. The days of local European government dimwits holding the DIA in thrall can't end soon enough.
    24 May 2012, 03:16 PM Reply Like
  • Silly. Why would Greeks leave the EUR prior to 17 June elections, when most Greeks want to continue using the EUR?
    24 May 2012, 03:23 PM Reply Like
  • Most Greeks don't seem to care about much at all. They are taking money out of the banks for possible change in currency, not bad thinking. I don't know or have an opinion of whether they will leave the EU or not. I do know this, the Euro is in deep doo doo, as is ANY entity that owes more than it can pay back. From Mom's checkbook, to governments. The best we can hope for globally,is ONLY inflation. {oops, I forgot, the NGM's don't want us to use that word} I meant to say, "the new cost of living". The Euro is going down, and if you check the purchasing power if the US$ and other currencies their powers are weakening too because global inflation is here. (Or did you not notice, the price of gold has gone up slightly in the last few years)

    So, the rest of you have it figured out, Greece isn't leaving. Well, whether they do or don't Greeks are in trouble, then Spain, then Portugal then _______, then ________, then_____. Fill in the blanks with whatever country you like. Not sure where to put in the USA[?], well me neither, pick a blank. Not a question of IF the USA will see a "new cost of living", and purchasing power weaker. Question of how soon.

    Happy spending.
    Capt. Brian
    The Lost Navigator

    PS Buy ART, ANTIQUES, REAL ESTATE, AND PRECIOUS METALS. Coins, GRADED coins better yet. Suggest some copper funny coins, American Eagles, and Palladium coins. GRADED if you can get some good stuff, PF or MS 70's ONLY
    24 May 2012, 04:59 PM Reply Like
Other date
DJIA (DIA) S&P 500 (SPY)