Monday, April 12, 2010

George Soros: "50% Chance The Eurozone Disintegrates"

Things are not looking great for the Eurozone. Debt is knocking on the back door and it's not leaving till it gets in.

From Clusterstock:
“It is 50-50 whether the eurozone breaks up. The damage that break up would cause is so great, that I think that as people realise it, they will pull back from the brink,” Soros told the Financial Times in an interview. “But we are at the brink now...a solution has to be found in a matter of days.”
Greece is on the brink and I dare to say that the recent bailout won't be enough to save the mother of western civilization. The bailout rate is now rumored as being 6%. Greece simply can't afford this. Up next....Spain, Ireland, Italy, Latvia, Britain....

Euro Update

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