interesting stuff in weekend business pages about it here, swiss are very very good managers and looking after there own but seems they got it wrong this time.
A us based currency trading firm ammased $225 million dollars debt in a matter of 20 minutes and is technically belly up the sheer speed it happned apparently were helpless, almost a melt down couldn't trade due to sheer volume of trades.
I admit I do NOT understand it completelty but all countries not tied to euro are in trouble think Denmark Norway sure there are others.
Things change was only 12 months ago economies not tied to euro were a safe haven now the opposite.
A us based currency trading firm ammased $225 million dollars debt in a matter of 20 minutes and is technically belly up the sheer speed it happned apparently were helpless, almost a melt down couldn't trade due to sheer volume of trades.
I admit I do NOT understand it completelty but all countries not tied to euro are in trouble think Denmark Norway sure there are others.
Things change was only 12 months ago economies not tied to euro were a safe haven now the opposite.
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