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Subject Global systemic crisis: Second half of 2012 – Convergence of four explosive factors: Banks-Stock Exchanges-Pensions-Debts
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Original Message Global systemic crisis / Second half of 2012 – Convergence of four explosive factors: Banks-Stock Exchanges-Pensions-Debts

Whilst waiting for Euroland to equip itself, by the end of 2012, with a medium to long term common political, economic and social project, especially following the election of the new French president François Hollande, anticipated many months ago by LEAP/E2020, players will remain prisoners of the short-term reflexes related to the sudden Greek political tremors, the uncertainties over Euroland governance and to the risks in public debts.

At the same time, in the United States, the disappearance of the illusion of a recovery (1) combined with the renewal of concerns over the American financial sector’s state of health (of which J P Morgan has just illustrated the fragility) and the big comeback of the country’s debt problem is leading economic and financial players to contemplate an increasingly worrying future (2).

In the United Kingdom, the country’s return to recession is combining with the failure to control deficits and the rise of working-class anger in the face of an austerity which has however only just begun (3).

In Japan, economic sluggishness and the weakening of exports in a context of world recession (4) have brought the spectrum of the country’s excessive debt back to the surface.

In this context, according to LEAP/E2020, the second half of 2012 will be the preferred moment for the convergence of four explosive factors for the Western economies: banks, stock exchanges, pensions and debts.

For economic, financial or political players as for simple households, this convergence will cause major risks to weigh on the state of their finances as well as on their aptitude to face the challenges to come.

Therefore, in this GEAB issue our team expands on its anticipations concerning these four explosive factors of the second half of 2012 as well as the recommendations to minimize their negative consequences. In addition, LEAP/E2020 sets out its new anticipation on the global systemic crisis’ consequences as regards international languages (on a world level and in Europe) out to 2030 in order to help parents and children, as well as teaching institutions, make the correct language learning choices today.

In this GEAB N°65 press release, our team has chosen to introduce the explosive factor relating to public and private debt

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[link to www.leap2020.eu]
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