As you all know (think), the most important event that will be discussed tomorrow is debt crisis , but I believe European Council will be focusing on something completely different , which is the situations in the middle east , especially Egypt after the victory of Islamic parties in the presidential election ...
I think one of the dangerous things that might happen , and It might effect the EURO directly ; There is fear about the future of the European investments in Egypt and the future of the Suez Canal, as a result of this , EURO leaders may have to shut down the European investments in Egypt , If this scenario happens , the EURO will decline for sure ?!!!
I think the market will continue moving sideways - unclear - till the new president of Egypt - Mohamed Morsi - receives his constitutional powers...?!!!
Wednesday 27 June 2012 012:1508 PM