<center>https://images.hive.blog/640x0/https://cdn.steemitimages.com/DQmcgyMcjZHD2BkXbRXL2EWykrTNtGRTzxch6U4Sdtw8X8E/image.png</center> “Super” Mario Draghi, Italian economist who served from 2011 to 2019 as president of the European Central Bank (ECB), the financial institution responsible for making monetary decisions within the Euro Zone, finally passed the keys to the car to Christine Madeleine Odette Lagarde in October. But before passing the keys he lowered the deposit rate to minus 0.5%, resume quantitative easing and give banks easier terms on long-term loans. ![](https://images.hive.blog/DQmZZhBLqUfKpff4mZAoy8vnHhKei7Gp7TKAoQ36RsYxpHG/image.png) Christine Madeleine Odette Lagarde is a French politician, economist and lawyer Lagarde was the first woman to become Finance Minister of France and is now the first woman to head the ECB. According to a Bloomberg survey of economists a several months ago, the ECB was done cutting interest rate and felt that monetary policy woulkd be left alone for the next couple of years with the first predicted interest rate hike happening in the first quarter of 2022. But then COVID-19 kicked into full gear. That was when the Christine said that Europe's top monetary authority was ready to take “appropriate and targeted measures” if necessary to support the economy against the headwinds from the new coronavirus. George Soros became one of the most famous currency traders in the world based on his bet against the Bank of England in 1992 on what became known as Black Wednesday, where he made over $1 billion on the trade. <blockquote> George Soros suggested Europe should issue debt that would never have to be paid back as a way to finance the costs of the Covid-19 crisis. As the European Union faces the deepest economic crisis since the Great Depression, the billionaire investor said the 27-nation group should issue “Perpetual Bonds” — meaning the principal amount would never be repaid, only the annual interest payments. They are also known as consols. “A 1 trillion-euro bond would cost 5 billion euros a year, assuming an interest rate of 0.5%. The consols would not need to be sold all at once; they could be issued in tranches and they would be snatched up by long-term investors like life insurance companies,” Soros said in an interview with the Dutch newspaper De Telegraaf published Friday. The EU has been at odds over the last few months on the best way to deal with the shock from the coronavirus. The region’s economy is expected to contract by more than 7% this year, but because the countries have very different debt piles, the members have clashed about whether financial stimulus should be done via loans or bonds. </blockquote> This past week, France and Germany, the two largest EU countries, joined forces to propose a Franco-German plan for a €500 billion Recovery Fund to help the Eurozone economy recover from the impact of the coronavirus pandemic. However, the European Commission is set to propose their own plan later this week, so until some type of plan is finalized, there might be downside risk in the Euro. So where might the Euro head next, the big picture suggests price is slowing down and losing momentum. ![](https://images.hive.blog/DQmWTuePZbYet3szonBK72RrJBz4Yoqr3kfn6QzeEYAHL1Z/image.png) Thus, the next level at which price should as least pull back is at the weekly demand at 1.05500 ![](https://images.hive.blog/DQmS3rUk5Rn1WH7ZvTJx4diAfMFCJdNnp4Kbuj9yGRtRFY2/image.png) This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions. <center>https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote%20banner3.gif</center> Posted Using [LeoFinance](https://leofinance.io/@rollandthomas/will-covid-19-put-an-end-to-the-euro-zone)
author | rollandthomas |
---|---|
permlink | will-covid-19-put-an-end-to-the-euro-zone |
category | hive-167922 |
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livingfree | 0 | 145,916,989,785 | 1% | ||
shanghaipreneur | 0 | 43,990,525,929 | 25% | ||
scaredycatguide | 0 | 15,200,441,992 | 50% | ||
maarnio | 0 | 602,022,925,484 | 100% | ||
mitchelljaworski | 0 | 22,894,778,133 | 100% | ||
created | 0 | 187,150,810,597 | 1% | ||
chesatochi | 0 | 544,680,378,640 | 100% | ||
rycharde | 0 | 1,096,411,130 | 10% | ||
sam99 | 0 | 4,441,709,642 | 100% | ||
xyzashu | 0 | 1,051,166,899 | 50% | ||
spectrumecons | 0 | 1,419,550,585,865 | 30% | ||
forexbrokr | 0 | 867,224,127,616 | 100% | ||
apoloo1 | 0 | 3,157,942,949 | 10% | ||
mcoinz79 | 0 | 2,577,754,166,044 | 100% | ||
summertooth | 0 | 9,707,605,691 | 100% | ||
ralph-rennoldson | 0 | 681,067,537 | 1.6% | ||
pixelfan | 0 | 11,907,337,828 | 2% | ||
schubes | 0 | 10,012,703,206 | 95% | ||
nortjenn | 0 | 607,248,965 | 85.5% | ||
accelerator | 0 | 39,142,318,446 | 4% | ||
sebas04 | 0 | 619,287,389 | 100% | ||
vegoutt-travel | 0 | 14,201,545,980 | 30% | ||
tute | 0 | 120,316,894 | 100% | ||
newageinv | 0 | 3,342,058,264 | 10% | ||
investprosper | 0 | 23,363,533,320 | 10% | ||
moeenali | 0 | 1,540,719,462 | 1% | ||
aotearoa | 0 | 12,918,290,093 | 100% | ||
anthrovegan | 0 | 3,414,991,790 | 50% | ||
idkpdx | 0 | 34,377,480 | 1.5% | ||
teutonium | 0 | 26,346,447,369 | 50% | ||
p-props | 0 | 102,778,732,504 | 100% | ||
moserich | 0 | 13,160,010,564 | 100% | ||
break-out-trader | 0 | 22,301,592,350 | 100% | ||
trumpman2 | 0 | 3,831,977,158 | 50% | ||
superlao | 0 | 49,771,306,944 | 100% | ||
digital.mine | 0 | 50,312,933,729 | 0.5% | ||
shortsegments | 0 | 457,219,228,585 | 90% | ||
investorsclub | 0 | 21,496,735,323 | 100% | ||
dalz | 0 | 65,198,406,269 | 30% | ||
steemmedia.org | 0 | 785,475,596 | 50% | ||
oakshieldholding | 0 | 283,628,583 | 80% | ||
kuhle | 0 | 9,964,684,104 | 50% | ||
thejollyroger | 0 | 20,381,163,097 | 75% | ||
steempope | 0 | 487,941,860 | 70% | ||
xxxxxxxxxx | 0 | 340,886,575,526 | 3% | ||
dustindivitto | 0 | 3,905,686,875,773 | 100% | ||
dtrade | 0 | 6,700,162,675 | 30% | ||
haxxdump | 0 | 22,356,719 | 10% | ||
map10k | 0 | 13,059,558,341 | 12% | ||
dalz1 | 0 | 1,262,870,928 | 100% | ||
steem-key | 0 | 1,489,326,551 | 100% | ||
abh12345.leo | 0 | 1,762,319,568 | 80% | ||
plook | 0 | 3,938,082,751 | 100% | ||
leovoter | 0 | 1,072,869,685 | 65% | ||
mindtrap-leo | 0 | 1,497,493,443 | 35% | ||
leo.voter | 0 | 446,130,161,585 | 20% | ||
onealfa.leo | 0 | 468,257,011 | 100% | ||
vxc.leo | 0 | 123,309,620 | 100% | ||
scaredycatcurate | 0 | 4,772,888,959 | 100% | ||
bearjohn | 0 | 703,814,814 | 50% | ||
flipstar.sports | 0 | 78,308,891,953 | 100% | ||
zaku-leo | 0 | 672,956,804 | 20% | ||
babytarazkp | 0 | 10,351,509,524 | 85% | ||
mapxv | 0 | 14,466,241,185 | 14% | ||
taskmaster4450le | 0 | 40,826,360,832 | 43% | ||
thranax | 0 | 25,448,549,956 | 15% | ||
busbecq | 0 | 3,773,544,047 | 100% | ||
maxuvd | 0 | 15,373,177,263 | 4% | ||
maxuve | 0 | 15,607,688,629 | 4% | ||
bruleo | 0 | 624,259,674 | 100% | ||
spinvest-leo | 0 | 6,601,473,660 | 25% | ||
tonimontana.leo | 0 | 2,007,451,180 | 50% | ||
tonimontana.neo | 0 | 306,056,591 | 10.65% | ||
enison1 | 0 | 4,064,190,703 | 50% | ||
felander.leo | 0 | 810,762,582 | 100% | ||
pjansen.leo | 0 | 344,790,572 | 100% | ||
empoderat.leo | 0 | 1,608,245,012 | 100% | ||
leomaniacsgr | 0 | 1,466,701,115 | 75% | ||
toni.pal | 0 | 0 | 3.78% | ||
joemark | 0 | 585,504,546 | 31.92% | ||
ldelegations | 0 | 1,240,436,806 | 100% | ||
achim03.leo | 0 | 736,409,602 | 100% | ||
maranan | 0 | 101,231,596 | 10% | ||
rehan-leo | 0 | 1,238,394,746 | 100% | ||
captainhive | 0 | 298,289,943,895 | 30% |
Germany was against unlimited new debt for the southerners of the euro zone. Their plan was to print unlimited money with Germany as guarantor. This 500 billion is a manageable compromise, and the Germans are also suing the European Court against it. the whole world is trying to support the problems with loans, if the banks can't get rid of the money, then there will soon be helicopter money, direct share purchases by the state and so on. Japan is leading the way, China, USA and Europe will probably introduce it. The world of debt was accelerated by Corona. Translated with www.DeepL.com/Translator (free version)
author | break-out-trader |
---|---|
permlink | qatt39 |
category | hive-167922 |
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Great time to own bitcoin and crypto I keep saying. Posted Using [LeoFinance](https://leofinance.io/@rollandthomas/qau8cb)
author | rollandthomas |
---|---|
permlink | qau8cb |
category | hive-167922 |
json_metadata | {"tags":["leofinance"],"app":"leofinance/0.1","canonical_url":"https://leofinance.io/@rollandthomas/qau8cb"} |
created | 2020-05-24 13:33:48 |
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I think it will, Germany’s is going to put in place policy that looks after number 1 themselves and France should be able to stand on its own so the two of them will just let the others crumble under all that debt
author | chekohler | ||||||
---|---|---|---|---|---|---|---|
permlink | re-rollandthomas-2020524t82029236z | ||||||
category | hive-167922 | ||||||
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Or the world via the IMF will issue a one world government when the US dollar no longer becomes the world's currency. Posted Using [LeoFinance](https://leofinance.io/@rollandthomas/qau87n)
author | rollandthomas |
---|---|
permlink | qau87n |
category | hive-167922 |
json_metadata | {"tags":["leofinance"],"app":"leofinance/0.1","canonical_url":"https://leofinance.io/@rollandthomas/qau87n"} |
created | 2020-05-24 13:31:00 |
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People always think about their self-interest instead to help their neighbors. This will make the Euro weaker!
author | chesatochi |
---|---|
permlink | re-rollandthomas-qatzsb |
category | hive-167922 |
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Agree, Euro weaker would mean the US dollar strengthens. Posted Using [LeoFinance](https://leofinance.io/@rollandthomas/qau8b9)
author | rollandthomas |
---|---|
permlink | qau8b9 |
category | hive-167922 |
json_metadata | {"tags":["leofinance"],"app":"leofinance/0.1","canonical_url":"https://leofinance.io/@rollandthomas/qau8b9"} |
created | 2020-05-24 13:33:12 |
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Same old Eurozone where the big countries just look out for themselves and the rest are forced to go along with it. The experiment failed long before COVID 19. As for the charts, I've been zoomed in a little further than you and watching price respect [this EUR/USD daily support level](https://leofinance.io/hive-167922/@forexbrokr/eur-usd-takes-7-days-to-rip-off-daily-support). Posted Using [LeoFinance](https://leofinance.io/@forexbrokr/qatovl)
author | forexbrokr |
---|---|
permlink | qatovl |
category | hive-167922 |
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created | 2020-05-24 06:33:24 |
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Where is your daily support at...the 1.07 level??? Posted Using [LeoFinance](https://leofinance.io/@rollandthomas/qau8a6)
author | rollandthomas |
---|---|
permlink | qau8a6 |
category | hive-167922 |
json_metadata | {"tags":["leofinance"],"app":"leofinance/0.1","canonical_url":"https://leofinance.io/@rollandthomas/qau8a6"} |
created | 2020-05-24 13:32:33 |
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As bad as the drop in GDP will be for the US, the EU would jump for joy to hit that level. Things are getting very bad over there and it is not likely to reverse. The EU is a failed experiment where the north continually screws over the southern countries. Germany pretty much runs the show while the rest have to go along with it. I look for more countries to exit over the next few years. Either way, their economy is toppling over worse than any other major global player. Posted Using [LeoFinance](https://leofinance.io/@taskmaster4450le/qaudhq)
author | taskmaster4450le |
---|---|
permlink | qaudhq |
category | hive-167922 |
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created | 2020-05-24 15:25:03 |
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