Results 1 to 2 of 2

Thread: If the Euro is so close to collapse, how are Euro holders trying to preserve their wealth?

  1. #1

    If the Euro is so close to collapse, how are Euro holders trying to preserve their wealth?

    http://www.denverpost.com/breakingnews/ci_19424383

    BRUSSELS—Eurozone finance ministers are streaming into Brussels on Tuesday in a desperate bid to save the 17-nation euro currency—and to protect Europe, the United States, Asia and the rest of the global economy from a debt-induced financial tsunami. Most officials agree that, in the race to save the euro, there is no time to lose, but all of a sudden it seems there are more leaks in the dike than there are fingers.

    And it's not just a currency used by 332 million people that is at stake. As German Chancellor Angela Merkel and others have said, if the euro fails, so too does the 27-nation European Union, a rousing diplomatic success that united a continent ripped apart by two World Wars.

    If the Euro fails, bank lending would freeze, stock markets would likely crash, and Europe's economies would crater. Nations in the eurozone could see their economic output fall temporarily by as much as 50 percent, according to UBS forecasters. The financial and economic pain would spread west and east as the U.S. and Asia get ensnared in the credit freeze and their exports to Europe collapse.

    In all, it's a scenario far more dire than even the devastating 2008 credit crunch after the U.S. mortgage debacle.

    ... more ...



  2. Remove this section of ads by registering.
  3. #2
    Well, I don't think there are a lot of Ron Paul's in the Eurozone. It would be interesting to see if we can get a better info on sentiment on the street from sound money supporters.



Similar Threads

  1. Euro Crisis: EU Tyranny Will Collapse, and Soon
    By compromise in forum U.S. Political News
    Replies: 5
    Last Post: 06-06-2013, 01:52 PM
  2. Replies: 21
    Last Post: 01-04-2012, 06:07 PM
  3. George Soros: Euro may collapse.
    By freshjiva in forum U.S. Political News
    Replies: 5
    Last Post: 06-23-2010, 08:46 AM
  4. **German Bank Collapse after 35B Euro Rescue Falls Through**
    By Pauls' Revere in forum Economy & Markets
    Replies: 10
    Last Post: 10-05-2008, 12:41 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •