Posted 6 years ago on Jan. 27, 2012, 5:39 a.m. EST by ohmygoodness
This content is user submitted and not an official statement
How interesting as the plenary session progresses USD - EUR exchange 1 EUR = 1.3029 through 1.3143 in a spate of minutes as the speakers speak.
When the case for the EURO stability went up with credible explanations the exchange peaks in favor of the EUR, the specter of a possibility of Euro bonds the EUR falls against the USD. How interesting...
Heads up again for the concept of consensus and slow but steady steps towards more fiscal unity in the face of the manipulating markets. The key aspect is that each sovereign nation understands its strengths/weakness and cultures and it approaches the common objective through different methods with the highest probability for being successful. Another key feature mentioned was that short term strategies are completely in line with long term goals.
The way to beat market manipulation is a political will representing the good of the 99%. Hopefully politics in Europe will be guided by the wisdom of its social justice and not be dictated by excessive market GREED.