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Economy
Euro debt markets face 2nd debt crisis in 2011
2011-01-02
Bottom line: both governments and banks will need to sell a lot of bonds this year in order to refinance or offload previous debt. Is there sufficient liquidity for them to borrow their way out of trouble? And if not, will we see another 2008-style credit crunch bring the international finance system grinding to a halt?
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#2  "possibly the exit of Germany and Scandinavia from either the Euro or the entire European Union"

From your keyboard to God's eyes, OP.

Bring back the Deutsche Mark!
Posted by: Barbara Skolaut   2011-01-02 18:51  

#1  I'm not an "expert" on the European economy, but I see a long string of austerity options being invoked, with few of them succeeding in anything. That will follow with the total collapse of the Greek government, severe disruption to north-south economic activity in Europe, and possibly the exit of Germany and Scandinavia from either the Euro or the entire European Union. Scandinavia can stand alone, but I'm not sure of Germany. Either way, there are going to be some serious changes to the EU over the next few years.
Posted by: Old Patriot   2011-01-02 17:54  

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