Article

2011-09-28 Economy

Head Of UniCredit Securities Predicts Imminent End Of The Eurozone

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Posted by g(r)omgoru 2011-09-28 15:08|| || Front Page|| [1 views ] Top

#1 And this is the disaster that the US Fed is gearing up to capitalize.

And may the Lord have mercy on our souls.

Posted by AlanC 2011-09-28 15:24|| 2011-09-28 15:24|| Front Page Top

#2 May not hurt to fully quote him:

Its one scenario among many, one which may lead to the breakup of the euro area via a banking crisis, he said in the interview. This can still be averted. It primarily depends on the Germans, and secondly on European citizens, especially on how much the Greek population can tolerate.

Posted by European Conservative 2011-09-28 16:02|| 2011-09-28 16:02|| Front Page Top

#3 European Conservative Hello! The German response would be something like NO WAY JOSE!. Germany is on the hook now for 69 billion in Greek debt. Germany is on the hook now with Spain for 244 billion. Worldwide for Greece alone its 277 billion. Its the derivatives again but worse. Yes, our numbers look bad as well. Either we duck and cover or tuck and roll.Depends brief possibly.

Posted by Dale 2011-09-28 16:41|| 2011-09-28 16:41|| Front Page Top

#4 The euro SHOULD break up for the sake of Germans, Greeks and every other people previously forced to use this disastrous political shambles of a currency.

Posted by Bright Pebbles 2011-09-28 16:58|| 2011-09-28 16:58|| Front Page Top

#5 The Euro may very well break up in the future but certainly not the way this scenario predicts.

A Greek default will not trigger much. It's widely expected anyway.

Posted by European Conservative 2011-09-28 17:23|| 2011-09-28 17:23|| Front Page Top

#6 European Conservative Hello again. What a massive right off for so many(Tax payers?). Banks will have to be backed up because of exposure. Some will get their money back but only a small fraction. Most is a loss.
No world power is immune to this. My two cents.

P.S. I enjoy your comments.

Posted by Dale 2011-09-28 18:20|| 2011-09-28 18:20|| Front Page Top

#7 Dale thank you.
Don't get me wrong, the banks will continue to rob us of our money and the EU will grab the opportunity to rob us of our democratic rights.

Posted by European Conservative 2011-09-28 19:00|| 2011-09-28 19:00|| Front Page Top

#8 A further explanation:

This guy is a banker. And currently banks are doing everything they can to scare politicians into upping the amount of taxpayer's money to save their asses.

That's why you hear the meme: If Greece fails, Europe fails.

Oh, they still want to buy Italian, Portuguese, Spanish bonds. They want the high interests, but not the risks associated with it.

Btw Unicredit is the Italian bank that took Duffy's money. Lots of it.

Posted by European Conservative 2011-09-28 21:35|| 2011-09-28 21:35|| Front Page Top

23:46 trailing wife
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