South African FinMin: IMF and EFSF anti-crisis fund don’t have sufficient resources at this time

  • BRIC involvement depends on how EFSF leveraged (c’mon, just cough up the dough and save the World!!)
  • EU must stop crisis spreading
  • Need reassurances by G20 Cannes summit

EUR/USD at 1.3800 having reached session high 1.3827, sovereign selling again being reported around the highs. Whether these are “2nd tier” sovereigns as before I don’t know. And to be brutally honest; frankly my dear I don’t give a damn

;)

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