Prepare For Europe Collapse Before New Year
James A. Kostohryz
Seeking Alpha
November 11, 2011
It’s official: The European Financial Stability Facility (EFSF) plan announced at the EU summit on October 27th is essentially dead prior to arrival.
As a consequence, Angela Merkel and Nicolas Sarkozy appear to be betraying signs of throwing in the towel on the Euro project as it exists today. They appear to be actively contemplating ways to engineer an orderly breakup of the Euro.
As financial market participants gets wind of their intentions - albeit tentative - expect financial markets to accelerate the unfolding of events. The entire Euro edifice could collapse before the New Year.
When the Chief of the EFSF is pessimistic about the capacity of the EFSF to be leveraged to an extent that is adequate to the task at hand, then you might as well kiss the whole thing goodbye.
(More here.)
Seeking Alpha
November 11, 2011
It’s official: The European Financial Stability Facility (EFSF) plan announced at the EU summit on October 27th is essentially dead prior to arrival.
As a consequence, Angela Merkel and Nicolas Sarkozy appear to be betraying signs of throwing in the towel on the Euro project as it exists today. They appear to be actively contemplating ways to engineer an orderly breakup of the Euro.
As financial market participants gets wind of their intentions - albeit tentative - expect financial markets to accelerate the unfolding of events. The entire Euro edifice could collapse before the New Year.
When the Chief of the EFSF is pessimistic about the capacity of the EFSF to be leveraged to an extent that is adequate to the task at hand, then you might as well kiss the whole thing goodbye.
(More here.)
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