Thursday, July 8, 2010

EMU break-up risks global deflation

EMU break-up risks global deflation shock that would dwarf Lehman collapse, warns ING

Oh what to do with my ever dwindling savings...... Perhaps a one World currency would make things simpler.....

Posted by tom101 @ 10:48 AM (857 views)
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One thought on “EMU break-up risks global deflation

  • Rental John says:

    I’m surprised there are no comments on this topic yet….so will get the ball rollin…..
    The stresses within the Eurozone can’t be contained, and the ultimate will happen – either a two tier Eurozone, or total fracture and a rerturn to national currencies…but then how is all the Euro based debt to be dealt with? The there is all the cross-border banks exposure…..holy SH1T!!!!
    Financial Apocalypse?

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