The head of the ECB, Jean-Claude Trichet, begins understanding that things have changed. Contrary to his words less than three weeks ago, he now hints that some countries could leave the euro. On May 27th, Trichet totally ruled this out. He gave an interview and said that it is entirely realistic for a country to leave the euro zone. He also added: Trichet said that there is no provision in the EU treaty to allow a country to leave the currency zone. “The euro area is a community that shares the same destiny: each member is dependent on the others.” Well, things are somewhat different now. In a speech in London, he said that “It is not a working assumption that any government would leave the euro”. So, while it is not an assumption, this cannot be totally ruled out. This statement joins his remark in the press conference regarding restructuring of Greek debt: “we will say it is an enormous mistake” – it seems that Trichet is already looking from afar, given up on his stubbornness to prevent some kind of restructuring or default. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex Bits share Read Next Forex Daily Outlook – June 14 2011 Anat Dror 12 years The head of the ECB, Jean-Claude Trichet, begins understanding that things have changed. Contrary to his words less than three weeks ago, he now hints that some countries could leave the euro. On May 27th, Trichet totally ruled this out. He gave an interview and said that it is entirely realistic for a country to leave the euro zone. He also added: Trichet said that there is no provision in the EU treaty to allow a country to leave the currency zone. "The euro area is a community that shares the same destiny: each member is dependent on the others."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
