Tag Archives: Euro

Panic in the Euro zone

13. July 2011.
Panic in the Euro zone

A dramatic situation on the financial markets in euro zone countries. Investors fear that the new victims of the debtor’s crisis could be Italy and Spain. The EU is giving more powers to its bail-out fund for euro zone members. Continue reading →

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Spiegel: Germans Requiem of the Euro

12. July 2011.
The shock therapy should work as follows: euro zone countries would leave Greece up to its destiny when they become disappointed in the realized small advancement and the lack of light at the end of the tunnel. After billions spent, they no longer want to give anything to Athens. Greece would soon become insolvent because it couldn’t come by loans. Since the Greek credit institutions are still propping a large portion of the state debt, the banking sector might befall chain bankruptcy. Such an approach threatens to contaminate the other states too. If Greece goes into bankruptcy out of every control, investors would probably refuse to invest into other sick state. So other banks would be jeopardized in such a caused chain reaction.

The frustrated Greeks are attacking the Germans, and the Germans are attacking the Greeks, Portuguese, Spanish and Italians. Continue reading →

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