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Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar's structure isn't in doubt.
Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone.
Mini-Galt: "Greece's biggest company is leaving the country, drinks bottler Coca Cola Hellenic (CCH) said on Thursday in announcing it will move to Switzerland and list its shares in London, dealing a blow to the debt-crippled Greek economy."http://www.cnbc.com/id/49371256Next!
'Conservative' in America has come to be taken over by 'power.'
Agreed, but they seem more determined to rule over a weak EU than a strong Germany.
Quote from: Libertas on February 14, 2013, 11:36:40 AMAgreed, but they seem more determined to rule over a weak EU than a strong Germany.IIRC, this was the original French complaint/fear.