http://www.topforexnews.com/2010/02/08/south-african-rand-climbs-on-commodities-rebound/ Live Forex news from all over the world. Sun, 05 Feb 2012 10:53:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.topforexnews.com/2010/02/08/south-african-rand-climbs-on-commodities-rebound/comment-page-1/#comment-148400 Jan Baros Tue, 09 Feb 2010 01:07:06 +0000 http://www.topforexnews.com/?p=3629#comment-148400 its important to remember thought, that not only Greece, but multiple other Eurozone countries that account for bigger parts of the EU GDP are facing a similar situation its important to remember thought, that not only Greece, but multiple other Eurozone countries that account for bigger parts of the EU GDP are facing a similar situation

]]> http://www.topforexnews.com/2010/02/08/south-african-rand-climbs-on-commodities-rebound/comment-page-1/#comment-148394 CrisisMaven Tue, 09 Feb 2010 00:43:17 +0000 http://www.topforexnews.com/?p=3629#comment-148394 In and of itself a Greek bankruptcy or bond default should -in theory- <a href="http://crisismaven.wordpress.com/2010/01/24/will-greeces-default-bring-down-the-euro/" rel="nofollow">not affect the Euro as such very much</a>, Greece being maybe 3% of the total. However, just as a Californian bankruptcy would reflect badly on the "state of the Union" as a whole so would the default of on EU country, coupled with the rising interest rates and thus further destabilisation of the remaining over-leveraged member states, make investors wonder when <a href="http://crisismaven.wordpress.com/2010/02/08/bloom-of-doom-v-we-have-control-of-the-ship-we-have-a-plan/" rel="nofollow">sovereign default across the board</a> is likely. Thus they wouldn't commit themseves to bonds of longer maturity and that's the beginning of the end. In and of itself a Greek bankruptcy or bond default should -in theory- not affect the Euro as such very much, Greece being maybe 3% of the total. However, just as a Californian bankruptcy would reflect badly on the “state of the Union” as a whole so would the default of on EU country, coupled with the rising interest rates and thus further destabilisation of the remaining over-leveraged member states, make investors wonder when sovereign default across the board is likely. Thus they wouldn’t commit themseves to bonds of longer maturity and that’s the beginning of the end.

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