Article

2011-11-26 Europe

Prepare for riots in euro collapse, Foreign Office warns

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Posted by tipper 2011-11-26 16:06|| || Front Page|| [8 views ] Top

#1 Playing for time

That pretty much sums up everyones strategy.

Posted by phil_b 2011-11-26 16:28|| 2011-11-26 16:28|| Front Page Top

#2 I think a capsule summary of the European defensive policy is to hold committee hearings until the situation has become critical, then use nuclear weapons.

Pretty much the same thing with economics.

Posted by Anonymoose 2011-11-26 17:28|| 2011-11-26 17:28|| Front Page Top

#3 What makes this extra troubling is that a group of major banks are now forming contingency plans openly, explaining that "the collapse of the Euro has moved from a possibility to a probability."

If it was just the FO or the banks, it wouldn't matter so much, but both of them, and right when Portugal, Hungary and Belgium have been downgraded should totally unnerve the markets.

And then Germany had a bond issue failure, with 1/3rd left unsold. They are the most secure bond on the continent.

Posted by Anonymoose 2011-11-26 17:39|| 2011-11-26 17:39|| Front Page Top

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