Europe In Trouble
Posted By thestatedtruth.com on December 25, 2010
David Rosenberg of Gluskin-SheffĂ‚Â checks in on Bloomberg. He’s keying off comments from Barclays’ Bomb Diamond about the possibility of a Euro breakup, which Rosenberg sees as possible.
It’s a matter of “when” not “if” noting that it was actually Germany that first breached its debt limits, and pointing out that the history of monetary unions is horrible, with the exception of the United States. All others have failed.
The roadmap? Not clear, other than complete financial disarray.
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