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06-05-2010, 05:13 PM #1
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Dollar Soars Against Crumbling Euro, Hungary Next for Debt
U.S. Dollar Soars Against Crumbling Euro as Hungary Next for Debt
Default Bailout
Currencies / US Dollar
Jun 05, 2010 - 01:58 AM
By: Mike_Shedlock
The situation in Europe is taking a turn for the worse as the Prime Minister of Hungary says Hungarian economy is in a "very grave situation and talk of a default is not an exaggeration".
Please consider Hungary’s Forint Weakens to 12-Month Low; Bonds, Stocks Plunge http://www.bloomberg.com/apps/news?pid= ... NnDO0gdICA
Hungary’s forint weakened to the lowest level in a year, the nation’s stocks plunged and government bond yields had the biggest increase since November 2008 after a spokesman for Prime Minister Viktor Orban said the economy is in a “very grave situation.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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