Lately gold priceshave been affected by a strengthening dollar resulting from troubles overseas.
On Tuesday, Greek Prime Minister Lucas Papademos told Dow Jones Newswires that considerations were being made for a potential exit by Greece from the euro. He also warned that such an exit would be “catastrophic” for the country and that fallout across the entire Eurozone would be severe.
BRUSSELS – Greek Prime Minister George Papandreou’s call to hold a referendum on the rescue package agreed at the eurozone summit in late October has profound implications for European governance. It may also determine the future of the euro.
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Jubilation about the German deal to save the euro could prove short-lived if fresh news of Greek tax evasion gains wider currency. There are more Porsche Cayennes registered in Greece than taxpayers declaring an income of 50,000 euros (£43,800) or mor…
Democracy is a form of governance that enables a people to rule their nation as they see fit, and it includes lawful actions of civil disobedience such as a general strike as well as elections and referendums.
Greek Prime Minister George Papandreo…
Could be just posturing to get a better deal (or help Greek prime minister politically).
The fact that the issue has even come up – that is, that the Greek bailout is failing – seems very negative for fiats in general. Round3 of the bailouts/QE is o…