FOREX-Euro falls as market doubts rescue package

[IScreamSundays]

Source: Reuters

LONDON, May 11 (Reuters) - The euro fell on Tuesday as the relief rally unleashed by an emergency aid package to prevent the spread of a euro zone debt crisis dissipated and the focus switched back to structural problems plaguing the bloc.

European Union finance ministers, central bankers and the International Monetary Fund hammered out an emergency package of loan guarantees to euro zone members over the weekend to try to shore up sentiment in its bond markets and the euro.

The "shock and awe" plan initially boosted sentiment, propelling the euro EUR= close to $1.31 on Monday and off a 14-month trough of $1.2510 hit on trading platform EBS last week when investors had feared the sovereign credit crisis could spread from Greece to other euro zone countries.

At 0930 GMT on Tuesday, the euro had slipped back to trade with losses of around 0.8 percent at $1.2675, with traders noting sales from macro accounts. Poor liquidity was said to be exacerbating moves.

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Read more: http://www.reuters.com/article/idUSLDE64A11C20100511

[happygoluckytoyou]

1. GREECE..... "too big to fail"

[salib]

2. Yeah, that's the ticket

But Greece is not failing. Only in debt. It exists outside of the "economic realm" and it's "charter" is inherent (according to the "laws of nations").

Funny analogy, but not accurate.

[CountAllVotes]

3. Euro ...

not too big to fail, mark my words on it.

:kick:

[AllentownJake]

4. The bailout was about the markets

The currency can go to hell.