Originally Posted by
choirgirl
Hi everybody, this doesn't concern Sirius directly, but at this hour I would like to share some news from the homefront (Germany).
The EU has decided to back every member who is in trouble, like Hungary and Latvia, therefore there is probably no more risk of any kind of collapse and the Euro is stable. The ECB on the other side will not follow the FED, at least till now, they are still too much worried about inflation and I think they could be right. What do you think ?
As for the negotiations between the German goverment and GM about Opel,
they are closer to an agreement and Geithner and Guttenberg are on the same page, I don't know whether this is good for GM or not, but I think so.
While nationalization is of the table here in the US, the German Goverment just announced the nationalization of Hypo Real Estate Bank ( 25% owned by an US-Hedge-Fund "Flowers").
I would appreciate your thoughts.