Wednesday 27 July 2011

The Dynamics Of Doom: Why The Eurozone Fix Will Fail

Charles Hugh Smith from Of Two Minds

"The only way out of the Eurozone end-game is massive debt forgiveness and a return to national currencies. The first will destroy the banks, the second will destabilize the German export economy. "Extend and pretend" is an endgame, not a fix.
Despite having described why the Eurozone is doomed on numerous occasions, I missed certain dynamics of the EU's endgame. 

At the risk of overwhelming you, here are a few of my Eurozone-related stories over the past two years".

For article GO HERE

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