Quotable
“No sooner met but they looked; no sooner looked but they loved; no sooner loved but
they sighed; no sooner sighed but they asked one another the reason; no sooner knew
the reason but they sought the remedy” - William Shakespeare

FX Trading – Trichet surrenders with the troops?

On Wednesday the word was schadenfreud, appropriately today it is French:

sur·ren·der   
–verb (used with object) 
1. to yield (something) to the possession or power of another; deliver up
possession of on demand or under duress: to surrender the fort to the enemy

An example of usage in a sentence:  The Eurozone could not handle its own problems and decided to surrender authority to the International Monetary Fund (IMF).  

Mr. Jean-Claude Trichet, maximum leader of the European Central Bank (ECB) understands the market implications of this surrender of authority/responsibility.  Of course Eurozone state “leaders” seem quite happy to be able to “save our comrade Greece” with other peoples’ money.  There is unity on that score.

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