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Silver.... & Greek debt proposal due today + Chinese stocks down
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<p>[QUOTE="chrisild, post: 2192670, member: 39"]Have a look at how the euro is "composed" in terms of ECB capital shares for example. There are 19 euro area member states (plus four small countries that issue euro coins much to the chagrin of collectors who do not want to spend too much on their collection but I digress <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> ) so that is quite different from the situation in the USD area where one government sets the standards for all others.</p><p><br /></p><p>Sure, Germany is the biggest euro country, and thus has the biggest capital share - 27% I think. But neither politicians nor central bankers in DE can make any "euro decisions" by themselves. So while a Brexit may soon come (they are not in the currency union anyway), I do not really see a Grexit now.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 2192670, member: 39"]Have a look at how the euro is "composed" in terms of ECB capital shares for example. There are 19 euro area member states (plus four small countries that issue euro coins much to the chagrin of collectors who do not want to spend too much on their collection but I digress :) ) so that is quite different from the situation in the USD area where one government sets the standards for all others. Sure, Germany is the biggest euro country, and thus has the biggest capital share - 27% I think. But neither politicians nor central bankers in DE can make any "euro decisions" by themselves. So while a Brexit may soon come (they are not in the currency union anyway), I do not really see a Grexit now. Christian[/QUOTE]
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