Here is the announcement from the ECB that saw US equities and Euro slump into the overnight close

David Scutt

Scutt Partners

Here is the announcement from the ECB that saw US equities and Euro slump into the overnight close. From next week they will no longer accept Greek sovereign debt as collateral for liquidity operations. Clearly a political move designed to pull the new Greek government into line rather than have them dictating what debt terms are acceptable or not. No word from the Greek government as yet... (VIEW LINK)


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Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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