May 9, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Cameron-Clegg coalition threathened by Tories’ Europe stance

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A leak showing a deeply Euro-skeptic approach to be taken by a Tory government could be a roadblock preventing a coalition of the Conservatives and Liberal Democrats, the Observer reports.

Clegg and Cameron have weekend talks

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No quick resolution is expected, though.

German high court rejects aid challenge

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Aid to Greece was challenged by a group of German law professors as a violation of the German constitution. The court rejected the challenge on Saturday, clearing the way for Germany to make its EUR 20 bln+ contribution to the Greek rescue.

Something’s brewing…

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The EU wants the market to think it has an ace up its sleeve to suddenly ensure financial stability within the euro-zone... God help them if they pull out a deuce, like usual. One of the mechanisms being discussed, according to Reuters is a plan for the European Commission to go to ...

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