Still think Forex is where its at?
I have read alot of articles indicating that the Euro could replace the dollar as a reserve currency.
I have a hard time buying that one…simply because the Euro is just another fiat currency.
Worse…its a fiat currency with no clear backing.
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German bank bail-out has failed, say MPs
By Bertrand Benoit in Berlin and James Wilson in Frankfurt
Published: December 12 2008 13:35 | Last updated: December 12 2008 17:34
Germany’s banking sector rescue has failed and should be modified urgently if lasting damage to the economy is to be avoided, the MPs who oversee the €500bn ($668bn, £449bn) of funds warned on Friday.
http://www.ft.com/cms/s/0/f9569418-c84c-11dd-b86f-000077b07658.html?nclick_check=1
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