Wednesday, 2 November 2011

There's only one story today

It won't last until a Greek referendum in January. There's doubt it will last until the end of the month. The Euro-stitch up is coming unravelled faster than a cheap sweater from Asda. China has snubbed invitations to buy up Euro debt, and even the US is rattled. Yet Greece comes somewhere in the global GDP league between Denmark and Columbia - hardly a major league player. 


The demise of the Euro was inevitable. The only question was when. It seems it might be 'now'. 

7 comments:

Anonymous said...

Yeah, but I wonder who is going to pay the price for this mess? I also wonder if (what a joke!) anyone in high places has been "shorting" the €? Thar's money to be made in bad circumstances, but not for the poor!

Coney Island

DP111 said...

The demise of the Euro is coming, but what is of greater concern, is that the EU elites will drag all of Europe down with it, and then tell us "See, this is exactly what we were trying to avoid".

James Higham said...

We only need patience.

Blue Eyes said...

This is all very interesting, but I want to know how much wine I'm going to be able to get next month!

Edward Spalton said...

"Weltmacht oder Niedergang" was a German slogan Long before Hitler. The trouble is that. having failed at this particular bid for world power, they will want as many of us as possible to be involved in the downfall.

DP111 said...

Edward Spalton wrtote: "Weltmacht oder Niedergang" was a German slogan Long before Hitler. The trouble is that. having failed at this particular bid for world power, they will want as many of us as possible to be involved in the downfall.

--------

Now this from Winston Churchill, "

"Germany's unforgivable crime before the second world war," Churchill said," was her attempt to extricate her economic power from the world's trading system and to create her own exchange mechanism which would deny world finance its opportunity to profit." "You must understand that this war is not against Hitler or National Socialism," Churchill is quoted as saying, "but against the strength of the German people, which is to be smashed once and for all, regardless whether it is in the hands of Hitler or a Jesuit priest."

---------------------------------------
How true the above quote is I'm not certain.

One can see that the formation of the EU, and following from it, the Euro, can be viewed as the continuation of achieving German supremacy in Europe, but now in disguise. Merkel's recent statement,"Peace in Europe could be shattered if the euro collapses", takes on a different meaning.

Woodsy42 said...

I think you are being insulting to Asda sweaters. Some are quite well made and last considerably longer than 48 hours :-)