Make no mistake - Italy will not be allowed to default under any circumstances. There is too much at risk in uniting and retaining the integrity of the EU to allow it to splinter. Drahgi has allocated 1.5TRILLION via the ECB to prevent such disasters. He is running short of alternatives in the shape of reducing interest rates (0.25%!!) and the next step might be 0% but the bottom line is undoubtedly: QE on a massive scale, the likes of which Eurpoe has never seen and it makes the UK's attempt at 365Bn look like a trickle.
I could not understand when you mentioned a short yesterday. If the vote is yes the money will all exit stage door south and Lloyds will reap the rewards and if they vote no then we will see a relief rally. However if Italy goes T!ts up then we will have to say you knew best..
With the 'tiny gaps' now filled I have adjusted by buy order down to 69.2 just incase something crazy happens and the SP flashes that low over the next few days, If it doesn't - my core holding will be very happy and my spare cash my need to find another home
Betfair is so confident of a "No" vote in Thursday's Scottish independence referendum that it is already paying out to those who have staked money on it. The online bookmaker says it is paying out a "six-figure sum". Despite polls ahead of the vote continuing to be close, betting markets have been overwhelmingly in favour of the Better Together camp winning on Thursday. Betfair said this morning that gambling patterns indicate a 79pc likelihood of a "No" vote. Despite the odds on "Yes" shortening last week, they have lengthened significantly in the last few days.
Thanks for that , not sure comparing the Falklands with the North Sea Is entirely relevant but I take your point . Re costs . Some fields would prove costly but there have been recent increases in investment so somebody must think it worth it . Would like to pick your brains a bit further but have to go out , maybe later if you don't mind ? Just one final thought , Sir Ian was actively encouraging. young people to come into the oil industry on the basis that they would have a job for life ????
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