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On Roubini and the CEE menace, see this sub-thread in the currency crash diary.

While I was sceptical of Roubini's view on the scale of the problem, the issue is not untimely --here is the Euro/Hungarian Forint exchange rate from the October crisis to now:

(A less hectic but persistent devaluation since early January.)

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Feb 4th, 2009 at 12:36:18 PM EST
[ Parent ]
Today, it is assumed that the Hungarian National Bank intervened, pushing the rate back below 1:300 to 1:295. According to Portfolio.hu and a Commerzbank forex trader they quote, 'certain players in London' who bet for a further decline are now in "licking their wounds" mode... no names named. ET is bound to not name certain names, either...

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Feb 4th, 2009 at 12:43:26 PM EST
[ Parent ]
Certain players in London who hoped to win bets against the forint are in fact anonymous.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 4th, 2009 at 03:30:41 PM EST
[ Parent ]

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