Monday, May 17, 2010

Euro Swaps Corner Trichet Showing No Signs of Slowing (Update1)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIvr3NPO2SmA&pos=1

“There are so many headwinds, so many structural issues affecting the euro,” Manoj Ladwa, a senior trader at ETX Capital in London, said on Bloomberg Radio May 11. “It calls into question whether the euro can last. What is the point of having a euro if not only other European countries are bailing out the likes of Greece but also the International Monetary Fund? There’s not much reason to have the euro around anymore.”

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