“Everyone is aware of the wall of funding that has to be done in January and February [to keep the euro alive] but even the people expecting to be disappointed by the European summit next week aren’t expecting a massive crisis this side of Christmas.”

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“Everyone is aware of the wall of funding that has to be done in January and February [to keep the euro alive] but even the people expecting to be disappointed by the European summit next week aren’t expecting a massive crisis this side of Christmas.”

—Kit Juckes, head of foreign exchange strategy at Société Générale in London, on why some market participants are taking off some of their short downside euro trades.

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