European Commission says survival of euro at risk

According to a report in Germany’s news magazine Der Spiegel the European Commission warned that the euro area’s chances of survival would depend criticially on adjusting the internal imbalances. The reported quoted from a paper by DG Ecfin, accourding to which internal imbalances would weaken confidence in the euro and endanger the cohesion of the…

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IRN Global MoneyTalk

Editor SWITZERLAND OF THE ORIENT The ironies of Singapore’s massive investment in troubled Swiss banking giant UBS are piling up. Even Lee Kuan Yew himself has now said that the Government Investment Corporation invested “too early” in UBS, with the result that is now showing a loss of billions of dollars of citizens’ money on…

IRN GLOBAL TRADERS DESK

Our Man at Ringside Sees Epic Battle in Gold ” by Rick Ackerman on January 14, 2010 3:31 am GMT · 0 comments The big boys have been trading body blows in gold, producing a lot of violence but no clear winner, at least not yet. We expect the buyers to prevail eventually, and we’d…