AUTOREFRESH 
Juncker: Loan guarantees will not be part of Greek aid package
By Jamie Coleman || March 15, 2010 at 21:19 GMT
|| 3 comments || Add comment
That is news. The assumption all along was that the default position was debt guarantees but no cash. This comments calls all that into question.
It will be much more difficult to get a deal in which actual cash changes hands.
If true, I’m much more doubtful of any deal being done for Greece…
The EUR may not slide in Asia, but I’m pretty sure it will by the time the US returns tomorrow morning…
Is that what the delay’s about then – cash?
What on earth else are they discussing all this time.
Mind you, all along, one person says one thing – the other another.
Given that the european ruling class is dodgy as hell, I imagine that the ‘inside baseball’ stuff is getting a little hairy. It isn’t just a career trade for the hedge fund guys who are going to short the euro…
Jamie, you might want to watch what happens to the EUR/CAD later “today” also, as the 4-hour MACD just started southward (again) and the poor thing is so far under its 55-period EMA (driven downward in a particularly evil slanting trading channel now for over a month) that I dare not tell you its current position…