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FSN: Euro’s Effects on Our Woes Haven’t Died, They’re Just Resting
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Whether it will be Italy, Spain, Portugal or Greece, one of these will shortly re-ignite fears for the euro’s survival.
by Roger Bootle
Telegraph.co.uk
Rarely has such a gloomy mood been so widely shared. After last week’s Autumn Statement it is as though a dark cloud has descended on the nation. One ray of light, many people seem to think, is that the euro crisis has died down. Accordingly, there is hope for better European growth ahead.
This view is misguided – on two counts. First, this particular parrot is not dead but merely sleeping. The re-emergence of political instability in Italy highlights one of the eurozone’s key weaknesses, while the eurozone economy is dire, pretty much everywhere. Whether it will be Italy, Spain, Portugal or Greece I do not know, but I feel sure that one of these will shortly re-ignite fears for the euro’s survival.
Second, and more importantly, the idea that continued survival of the eurozone is a cause for optimism is, I believe, profoundly wrong. The euro is part of the problem, not the solution.
Continue Reading at Telegraph.co.uk…
2012-12-09 14:03:25
Source: http://silveristhenew.com/2012/12/09/euros-effects-on-our-woes-havent-died-theyre-just-resting/
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