"EU ministers offer 500bn-euro plan to support...

"EU ministers offer 500bn-euro plan to support currency"

http://news.bbc.co.uk/2/hi/business/8671632.stm

If you have sometime check the above article out.

Very interesting words mentioned in another article below.


EU's Barroso:euro zone regaining investors' trust.

http://www.reuters.com/article/idUSBRU01080420100510

The euro zone is regaining the investors' confidence following the decision to create a $1 trillion emergency fund to fend off the debt crisis, EU Commission President Jose Manuel Barroso said on Monday.

"The eurozone is certainly regaining confidence.Our fundamentals are certainly good," EU Commission President Jose Manuel Barroso said.

Another commentaor mentioned that,"The sums pledged are huge - enough to support the borrowing of several eurozone countries for a couple of years".

Euro is up on all pairs today,ftse and dax are at present up more than 200 points,ecb mentioning they'll do anything do defend their currency,which means bailing out Greece and if there's potential to effect others than ecb will be their for support.

I remember talking about this scenario a few weeks back i.e. ecb doing anything to protect their currency in one of my previous posts on the aez thread.This is all bullish tone and my guess is the dow will be up tonight as well; meaning we might see some more action from the day traders tomorrow.

I think 3 cents which was witnessed last week in the panic selling was the last chance to get these cheap.I purchased a small amount recently and now hold these in the bottom drawer.



Good Luck All...