Credit Swiss - Predicts End Of Euro, Escalating Bank Runs

Discussion in 'Markets & Economies' started by MetalMajix, Nov 22, 2011.

  1. MetalMajix

    MetalMajix Member

    Joined:
    Aug 17, 2011
    Messages:
    188
    Likes Received:
    0
    Trophy Points:
    18
    Location:
    QLD
    The "Last Days" of the Euro




    We seem to have entered the last days of the euro as we currently know it. That doesn't make a break-up very likely, but it does mean some extraordinary things will almost certainly need to happen probably by mid-January to prevent the progressive closure of all the euro zone sovereign bond markets, potentially accompanied by escalating runs on even the strongest banks.


    http://www.zerohedge.com/news/credi...escalating-bank-runs-strongest-european-banks





    .
     
  2. thatguy

    thatguy Active Member

    Joined:
    Jan 18, 2011
    Messages:
    5,805
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Brisbane
    dems fightin words!
     

Share This Page