Words I never thought I would say…
The options of spending other people’s money is dwindling in Europe as the G-20 quite logically asks the Europeans to put more of their own skin in the game in terms of bolstering the EFSF/ESM firewalls before the IMF is tapped. A very sound decision indeed.
Small bids are seen in the 1.3380 area near-term with better buying in the 1.3325 area. Stops build below that level.
