12-12-2013 Newshound Guru Kaperoni

12-12-2013   Newshound Guru Kaperoni   Article VIII is the key for us and remains the key.  Article VIII is what the CBI strives for.  The key to entering Article VIII is meeting the IMF requirements listed in the annual Article IV consultations.  So really the bottom line is that the CBI cannot do anything just yet...but they are trying...That means lowering the spread through the auctions and the possible bond sales.  If they achieve that goal soon, anything can happen.  IMO, if the CBI wanted it down before Jan 1 they could do it...its very achievable.   [post 2 of 2]