Rebel i think the reality is that ECB president Jean-Claude Trichet, will do anything he can to protect his currency and if that means helping out Greece and bailing out a few friends to stabilize the euro then let it be.Normally when a currency takes a belting like that at such a rapid pace i would be ready on the recieving side and prepare for a long position and wait till the opportunity presents itself i.e. betting on euro strength within 1-2 years.Valuations for commercial property are starting to stabilize and pritty much forming a bottom now. I can see upside very soon for unit holders.
cheers
AEZ Price at posting:
4.5¢ Sentiment: LT Buy Disclosure: Not Held