19 billion lost in trade ..threatens Eurozone debt crisis..

your perdy

What happens if the euro collapses? A euro area breakup, even a partial one involving the exit of one or more fiscally and competitively weak countries, would be chaotic. A full or comprehensive break-up, with the euro area splintering into a Greater Deutschmark zone and about 10 national currencies would create pandemonium. It would not be a planned, orderly, gradual unwinding of existing political, economic and legal commitments. Exit, partial or full, would likely be precipitated by disorderly sovereign defaults in the fiscally and competitively weak member states, whose currencies would weaken dramatically and whose banks would fail. If Spain and Italy were to exit, there would be a collapse of systemically important financial institutions throughout the European Union and North America and years of global depression.


[link to www.ft.com]


.. anyone ..

good catch

There are no coincidences - "all is permitted" and so it begins order out of chaos - but first the chaos

is that you in your avitar? if so , cute

.. Thank you ..

;) .. yours as well ..

Last Edited by redrosie on 05/06/2012 10:31 PM

.. So, now is a good time to head out to the woods? ..

"Investors therefore face two unpleasant possibilities. The first is a collapse of the euro at some point – quite possibility within the next few months – accompanied by bond defaults that send a shockwave through the global banking system. The short-term effect would likely be a drop in the U.S. stock market.. "

" .. other possibility is that repeated attempts to shore up the euro prevent a crash but promote a new recession, a so-called double-dip. Forecasters are now predicting that the U.K. will slip back into recession in 2012. And some investment strategists think a U.S. recession is now more likely than not.

You can track the changing level of these global financial risks by watching what happens to government bonds yields. As long as 10-year Italian bonds have to continue paying more than 7%, the Eurozone is in serious trouble. If Spanish or Belgian bonds rise to that level, the crisis would worsen significantly. And further increases in French bond yields could signal the beginning of the end – Germany and the Netherlands can’t support the Eurozone if France is in serious trouble."



Read more: [link to moneyland.time.com]

.. Interesting .. and it doesn't sound good .. written in november 2011 ..

Last Edited by redrosie on 05/06/2012 10:38 PM

it's like the mutually assured destruction of the nuke threat. When the Euro goes, so do we. Until recently the Fed held Euro's for only days. They changed policy earlier this year and now hold Euro's for months. We are deeply ingrained now and wil go right behind them.

for good info

.. need the knowledge of someone who follows this better .. sounds serious? ..

.. aren't we hand in hand .. ?? .. That was what I was wondering .. it seems like it would be a domino effect ..

"19 billion lost in trade"

Damn. That's a lot of cabbage.