04 Jun '12, 1pm

China Making Contingency Plans for a Greek Exit

The above post was just released from CNBC. It discusses a call for contingency plans from the China authorities for a possible Greek exit. As you probably know, news providers are eager to broadcast the latest news. There are times when they do not verify the source of information. Do you recall the Spain-IMF rescue which was later denied? Whichever, we too, have a contingency plan. If the above is true, how would this relate to ‘global investors call for coordinated Central Bank intervention’? Would China participate with Central Banks for a coordinated Central Bank intervention? If no, why not? If China were too, wouldn’t the stock market rally? If yes, why would there still be a call for a contingency plan? It’s possible; there may not be a coordinated Central Bank intervention before June 17th . If it were to happen, then the call for a contingency plan cautions any m...

Full article: http://thefinance.sg/2012/06/04/china-making-contingency-...

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