As I said months ago the Euro will split. I did say that it was only delaying tactics.
It's as plain as the nose on my face that Greece will default. this will be followed by Ireland, Spain, Portugal and Italy.
The new fund just isn't enough to cope.
The French banks will also fall into trouble. Germany has a choice of paying everyone off or abandoning their Eutopian dream of managing Europe.
The recession is now creeping up on Europe as I mentioned ages ago.
It goes USA, UK and then Europe.
It appears that the USA is slowly coming out of recession. It takes about 9 months for the UK to follow suit.
Expect some Euro countries to be downgraded again to at least a single 'A' and possibly BBB level. This is in itself means the Euro cannot continue in it's current form and such members.
It's as plain as the nose on my face that Greece will default. this will be followed by Ireland, Spain, Portugal and Italy.
The new fund just isn't enough to cope.
The French banks will also fall into trouble. Germany has a choice of paying everyone off or abandoning their Eutopian dream of managing Europe.
The recession is now creeping up on Europe as I mentioned ages ago.
It goes USA, UK and then Europe.
It appears that the USA is slowly coming out of recession. It takes about 9 months for the UK to follow suit.
Expect some Euro countries to be downgraded again to at least a single 'A' and possibly BBB level. This is in itself means the Euro cannot continue in it's current form and such members.
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