soros view - eurobonds

The European debt crisis that began in Greece in late 2009 has triggered 365 billion euros ($521 billion) in emergency bailout loans, exposed cracks in the euro?s architecture and rattled markets around the world. The fallout may overcome the unwillingness of euro leaders to forge a U.S.-style fiscal union and give up control over national budgets.

Soros : ?Only Germany can reverse the dynamic of a European decay,? billionaire investor George Soros wrote in today?s Handelsblatt, the Dusseldorf-based newspaper. ?Germany and other countries with a AAA rating have to approve some sort of euro- bond regime. Otherwise, the euro will implode.?

http://www.bloomberg.com/news/2011-08-11/eu-heads-for-eurobond-clash-amid-german-dread-over-looming-fiscal-union.html

Some call for Central Bankers to organise more this weekend ?, in addition to this week's action in advance of Bernake's speech two weeks today to help confidence with consumers to spend and companies to hire.

Bernanke a scholar of the Great Depression, Bernanke said last year that among the lessons learned from the financial collapse of the 1930s is that ?policy makers must respond forcefully, creatively and decisively? and that ?crises that are international in scope require an international response.?

?The wheels of fiscal change grind slowly, but central bankers can act more quickly? to address economic obstacles, said Alan Levenson, vice president and chief economist at T. Rowe Price Associates Inc. in Baltimore, which manages $521 billion in assets. ?Central bankers are more nimble in breaking the negative feedback loop that?s developed between financial markets and the economy.?

http://www.bloomberg.com/news/2011-08-10/central-bankers-become-tower-of-strength-amid-debt-turmoil.html


What are RRS/AOI/RMP doing while the bankers and politians do their bit (investing monies) :

"Range has a 12-month exploration and development plan which it will complete irrespective of market conditions. "

"On our exploration program in Puntland, where African Oil has already spent
US$30 million as part of its joint venture agreement with us, its remaining
expenditure commitments mean Range will be carried for the first US$15 million
spent on the second well.

In Georgia, the first well is all but paid for while our farm-in agreement with Red Emperor Resources requires it to pay 40 percent of the cost of the second well."

Go the Range, WHAT A COMPANY !!!!

GLA