“Death of the Euro is inevitable in continuing European financial crisis” – Irish Central


From Patrick Roberts at Irish CentralDeath of the Euro is inevitable in continuing European financial crisis:

Standard and Poor’s may have downgraded US long term debt one size fitfor the first time in history but it is the Euro which is in immediate danger of collapsing.

The news that short sellers are now focusing on Italy and Spain after hammering Ireland, Portugal and Greece makes it clear that the one size fits all Euro is not up to the task of creating equal risk and reward across the European Union.

Put simply, Europe will not federalize its debt, there is no United States of Europe and without that concept the Euro cannot survive.

Read more.

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This entry was posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, ireland, Solutions and tagged , , , . Bookmark the permalink.

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