“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:
–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.
….read more HERE