Tuesday, August 14, 2012

Investors Preparing for Collapse of the Euro - SPIEGEL ONLINE

Investors Preparing for Collapse of the Euro - SPIEGEL ONLINE: "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."

Germany will drop the Euro and default back to the currency the country used before the Euro, something the country should have done all along.  Britain was very prescient in that respect.

'via Blog this'

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