George Liu's  Instablog

George Liu
Send Message
I am the Chief Financial/Economics Columnist of The Daily Political Review, a Monitored Contributor for FOREXPROS, a Seeking Alpha Certified Contributor, as well as a paid blogger for The Motley Fool Blog Network. I also currently serve on the Board of Directors for Ureka Co. Currently, I am... More
My company:
Ureka Rechargeable Battery Case
My blog:
Motley Fool Blog Network
  • The European Commission Is Such A Party Pooper 0 comments
    Jun 20, 2012 5:27 PM | about stocks: GREK, EU, EUO, FXE

    After reports surfaced that German Chancellor Angela Merkel was set to allow the use of the EFSF and its successor, the ESM to buy the bonds of troubled EU states, a spokesman for the European Commission responded today by saying that Eurozone finance ministers are not planning to discuss the idea. Moreover, Angela Merkel stated that the idea was "pure theoretical discussion" today at the G20 summit

    Despite the cold water thrown over the notion of using European bailout funds to buy the bonds of troubled EU states, the idea seems to be gaining traction. Benoît Cœuré, a top European Central Bank policymaker who oversees financial market operations, has publicly stated he supports the idea, while Italian PM Mario Monti also raised the possibility of using the EFSF to buy bonds.

    Meanwhile, in Greece, a coalition government has been set up and will be finalized today with New Democracy leader Antonis Samaras sworn in as Greek Prime Minister.

    Stocks: GREK, EU, EUO, FXE
Back To George Liu's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $WAC down nearly 20% on EPS of $0.64 compared to analyst estimate of $0.67. Really?
    Mar 19, 2013
  • Why did FMER plunge 11.3% today on news of CRBC acquisition? In my opinion a pretty good deal.
    Sep 13, 2012
  • LULU cools down a little after soaring 13% on Friday on strong $0.39 EPS versus analyst estimates of $0.31
    Sep 10, 2012
More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.