Friday, September 30, 2011

HOT: Berlin Currency Talks

Put this down in your notebook under: curious.

Yesterday, I reported that the insider Philippa Malmgren was speculating that Germany is printing up marks to prepare for an exit from the euro.

Now, Bloomberg is reprorting:

French Finance Minister Francois Baroin and German Finance Minister Wolfgang Schaeuble will attend talks on currencies in Berlin on Oct. 6, the German government said today at a press conference.

The talks will also be attended by Christine Lagarde, managing director of the International Monetary Fund, European Central Bank President Jean-Claude Trichet, Chancellor Angela Merkel, World Bank President Robert Zoellick and Angel Gurria, secretary general of the Organization for Economic Cooperation and Development.
As Hans Palmstierna writes to me in an email:

France+Germany+World Bank+IMF+OECD - what could they possibly have to discuss about currencies?

I thought there was only one currency in Europe these days. What's with the plural?


  1. Not much MSM action on this traders comments on BBC. We need more candid leeches to come forward.

  2. Roger Bootle in a interview floated among other thoughts, a "North South" currency divorce i.e. ex Italy, Spain, Greece. Perhaps there's a tie in?

  3. This is agreat point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like theone you bring up where the most important thing will be working in honest good faith.