| Submit your comments on this article |
| Europe |
| AXA fears 'fatal flaw' will destroy eurozone |
| 2010-06-15 |
| Analysts at the French financial group AXA see a serious likelihood that the eurozone will break in half or disintegrate, dismissing Europe's €750bn (£623bn) rescue package for Club Med debtors as a stop-gap measure that misdiagnoses the problem. |
| Posted by:tipper |
| #5 PAKISTANI DEFENCE FORUM > [UK] MUSLIM PROTESTERS BRAND WAR HEROES [returning UK soldiers] AS "MURDERERS" [ + GTH, "Butchers, etc. obscenities] AS HOMECOMING PARADE TURNS VIOLENT. "MUSLIMS AGZ THE CRUSAGE" Group, versus "ENGLISH DEFENCE LEAGUE" Group + locals. |
| Posted by: JosephMendiola 2010-06-15 21:31 |
| #4 DRUDGEREPORT > NIGHTMARE VISION FOR EUROPE [Eurozone = EZ] AS EU CHIEF [Jose Barraso] WARNS DEMOCRACY COULD DISAPPEAR/COLLAPSE IN GREECE, SPAIN, + PORTUGAL, due to Poor Economy-induced LOCAL REVOLUTIONS OR POPULAR UPRISINGS. and * CHINESE MILITARY FORUM > BELGIUM MAY SPLIT INTO TWO COUNTRIES? | SEPARATIST PARTY WINS BIG IN BELGIAN ELECTION. |
| Posted by: JosephMendiola 2010-06-15 21:28 |
| #3 Greece is almost entirely shut out of the capital markets. Private investors are believed to have offloaded €25bn of Greek debt on to the ECB as it steps in to shore up the market, shifting the credit risk on to tax payers. These taxpayer bailouts of reckless lenders will only end when governments default on the debt they have taken on to pay for the bailouts (or hyper-inflation). |
| Posted by: phil_b 2010-06-15 20:18 |
| #2 Greeks shift their funds abroad. An option not readily available to the common man here in the States. |
| Posted by: Besoeker 2010-06-15 19:19 |
| #1 Bet they will still have money for Paleos. |
| Posted by: g(r)omgoru 2010-06-15 13:51 |