Wednesday, October 26, 2011
Zerohedge reporting? No. Bloomberg.
The eurozone has â€œalready collapsedâ€ and will vanish as the region is on the brink of a banking crisis that will destroy the currency, said Zafer Onat, the chief executive of FinansInvest, a Turkish broker owned by National Bank of Greece SA. (ETE). â€œI believe that the European monetary union doesnâ€™t exist anymore,â€ Onat said in an interview in Istanbul today. â€œI think it already collapsed but no one has said it yet. Now we are in a deadlock. One of the worldâ€™s major reserve currencies will disappear.â€