I talked with a Swiss banker from Geneva today. The conversation went like this:
Post Tagged with: "European Union"
May 31, 2012 04:55
Eurozone Retail Sales Crash: Record Declines in France and Italy, Overall Revenues Drop at Near Record Pace
This should bury the notion the eurozone recession will be short and shallow.
May 30, 2012 07:22
25 Signs That The Smart Money Has Completely Written Off Southern Europe
It is becoming increasingly clear that the upper crust of the financial world considers a Greek exit from the euro to be “inevitable” and that it also considers much of the rest of southern Europe to be a lost cause. Unfortunately, a financial collapse across southern Europe is also likely to trigger another devastating global recession.
May 24, 2012 06:00
Eurozone downturn ‘accelerating’ – death spiral?
Activity at European businesses hit a near three-year low in May, according to a survey by Markit. – BBC News
May 18, 2012 05:33
Beginning of the end? Run on Greek banks hits record high
Greeks withdrew more than $900 million Monday and another $600 million Tuesday, according to the Greek Central Bank. While deposits have been steadily leaving banks since the start of the country’s debt problems in 2009, this week’s outpouring of cash reflects a new level of panic, analysts say. – USA Today
May 16, 2012 03:25
Why A Greek Exit From The Euro Would Mean The End Of The Eurozone
If Greece leaves the euro it will set a very dangerous precedent. The moment Greece exits the euro, investors all over the globe will be asking the following question: “Who is next?” Portugal, Italy and Spain would all see bond yields soar and they would all likely experience runs on their banks. It would only be a matter of time before more eurozone members would leave. In the end, the whole monetary union experiment would crumble.
May 9, 2012 17:44
11 Quotes That Show How Worried The Financial World Is About Europe Right Now
When Europe descends into financial chaos, the United States is not going to escape it. The financial crisis of 2008 deeply affected the entire globe, and so will the next great financial crisis.
May 9, 2012 10:34
EU Titanic has hit the iceberg – facing mass civil unrest, revolution
MEP Nigel Farage at the European Parliament says that what’s happening in the Eurozone could lead to the rise of National Socialism (NAZI). Recent European elections have given rise to socialist and Nazi party gains. Farage calls for the breakup of the EU.
May 3, 2012 08:26
Oil shock, Euro crash, U.S. fiscal cliff paint dark future says Dr. Doom
Nouriel Roubini who is famous for predicting the financial collapse which earned him the nickname “Dr. Doom” cited a Middle East conflagration oil crisis, “austerity fatigue” and “bailout fatigue” in Europe, and the “fiscal cliff” faced by the U.S. in a doom and gloom scenario.
April 26, 2012 08:43
UK Back in Recession, Did it Really Ever Leave? Disappointing Details; Five Reasons the UK Recession Will Get Much Worse
If you thought the euro would help Europe, you thought wrong. The Euro made a disaster in Spain, Portugal, Ireland, Greece, and Italy. It’s time to abandon that failed idea.
