We have told investors and traders worldwide what it would take the start the rally and this here has to stop and bottom out for the markets to look forward as they have no clarity and therefore the selling keeps up.
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SMF NOTES FT reports Robert Zoellick, World Bank president, has called for European Union-led co-ordinated global support for the economies of central and eastern Europe, even as divisions emerge in the EU over handling the crisis. Speaking to the FT amid turmoil in central and east European markets, Mr Zoellick said the bank was trying to work with the International Monetary Fund and other multilateral institutions to help the region but needed more backing from Brussels. "It's got to have support from the European governments," he said. "It's 20 years after Europe was united in 1989 -- what a tragedy if you allow Europe to split again." Mr Zoellick's appeal came as he outlined the World Bank's ambition to restore some health to trade finance in time for the G20 summit of leading and emerging economies in April. He hoped the World Bank, governments and banks could come together to finance a $25 bln facility for trade finance, where the bank would accept the most risky part of the loans.
Prepare yourself for the "New Economy"