Friday, January 24, 2014

Wheels are coming off says Axel

Crippled eurozone to face fresh debt crisis this year

Ex-Bundesbank head Axel Weber expects fresh market attacks on eurozone this year and economist Kenneth Rogoff says the euro was a "giant historic mistake" - Crash coming?

Posted by alan @ 12:12 PM (5899 views)
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9 thoughts on “Wheels are coming off says Axel

  • Whats the alternative? Lots of different currencies, lots of printing and hyperinflation in Greece.

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  • @Alan

    Pun of the year so far goes to you for your ‘red top soul’s headline

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  • Red top style I meant

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  • I wish I had my savings in Sterling, it would be so much safer and reliable than those foreign johnny euros.

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  • More likely the Euro would split into sub-regions, with a North European and South European Euro and maybe also an Eastern European Euro, though they would more likely join the North.

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  • More euro’s into uk housing then!

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  • It really doesn’t matter what currency these countries are exchanging their goods and services for!
    If they are borrowing more than they should from rigged markets and banks (like the UK does) then ultimately they will have to pay that money back + interest. If they are borrowing in their own currency then they would have print (like the UK) and will ultimately end up with lower living standards.

    People have been brainwashed into believing that the medium of exchange is the root cause of the problem, when clearly it is not.

    Just have a think about it yourselves..

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  • Guardian says it all:
    “Greece faces new Black Hole”. Checkout:

    http://www.theguardian.com/world/2014/jan/26/greece-economy-brussels-stournaras-reforms

    The EU, ECB and IMF have wrecked Greece. The Banks have made things worse. Whether you watch Max Keiser or Nigel Farage the analysis is the same.

    In mainstream UK: SKY (run by an oligarch) and BBC (Politically Correct State media) or even Faisal Islam on C4 will be very very cagey with any criticism. Why I ask?

    Anyone awake out there? – Europe’s on fire……. and the UK can get burned.

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  • The Guardian is the last honest news source in the UK.

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