Posts Tagged ‘drought euro’

Notes From Underground: FOOD FOR THOUGHT–GRAIN EXPORTS FORCE MAJEURE

July 11, 2012
First: The German Federal Constitutional Court (FCC) has put off an immediate decision on the constitutionality of the ESM, so the market has some breathing room and FINANCE MINISTER SCHAEUBLE has some time to define exactly what the Merkel government has signed on to. The EURO held steady today as the attention turned to the U.S. and the FOMC minutes.
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